Former Kansas Republican official accused of defrauding agencies over $ 450,000 in Covid relief – RT USA News

Michael Capps, a former Kansas state official, has been indicted by a federal grand jury for allegedly tampering with documents in order to receive more than $ 450,000 in compensation during the Covid-19 pandemic.

According to court documents, Capps is the owner of Midwest Business Groups, LLC and Krivacy, LLC. He is also part of a foundation called the Fourth and Long Foundation.

Capps used his connection with these companies to secure several loans from the Small Business Administration (SBA), which began providing financial assistance to struggling businesses during the pandemic. Capps received both an Economic Disaster Loan (EIDL) and a Payroll Protection Program (PPP) loan, with the latter accused of forging documents at Emprise Bank to receive them.

The former Republican representative faces 19 counts, including several counts of money laundering and document forgery.

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According to court documents, Capps was not telling the truth about how many employees he had working for him and he inflated salaries on documentation to receive more of his loans.

After a report in the Wichita Eagle highlighting the massive amounts of financial aid Capps and others had received, an investigation by the FBI and the Sedgwick County District Attorney’s Office led to further examination of the documents and claims of Capps regarding the need for pandemic relief.

Billions have been distributed through the PPP Loan Program, designed to specifically help small business owners stay afloat during pandemic shutdowns. Many reports, however, indicated a messy system and a long process. Some were granted financial relief, but have since been asked to pay back thousands of dollars without any explanation.

A recent academic study by researchers estimated that the system could also contain billions of fraudulent loans, claiming that 15% of the roughly $ 800 billion distributed could have been made with forged documents.

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