On December 6, 2023, a non-DOJ individual was sentenced to 6 months of imprisonment, one year of supervised release, and $293,920 in restitution for one count of making a false statement for the purpose of obtaining a Small Business Administration loan. Michael Molen was sentenced in the Northern District of Georgia. According to the factual statement in support of the guilty plea, from in or about May 2020 through in or about May 2021, Molen submitted multiple false Paycheck Protection Program (PPP) loan applications and one false Economic Injury Disaster Loan (EIDL) application, each of which contained materially false information, including inflated average monthly payroll, inflated number of employees, and false tax returns. The Small Business Administration ultimately issued $293,920 in fraudulent payments to Molen. The investigation was conducted by the OIG’s Fraud Detection Office and the FBI, on behalf of the Pandemic Response Accountability Committee.
Date Issued
Case Action
Sentencing