Home NewsMax Former Olympic Athlete Pleads Not Guilty to Bilking $10M From COVID Relief...

Former Olympic Athlete Pleads Not Guilty to Bilking $10M From COVID Relief Program

81
6

Former Olympic speedskater and Utah entertainment company owner Allison Baver pleaded not guilty in a federal court this week to fraudulently obtaining $10 million in the federal government’s Paycheck Protection Program, which provided relief to companies impacted by the COVID-19 pandemic.

Baver, 41, of Taylorsville, Utah, was indicted in December on nine federal criminal counts of making false statements on loan applications to get money from the U.S. Small Business Administration’s Paycheck Protection Program, according to the U.S. Department of Justice.

According to the agency, Baver, an Olympic medalist and the owner of Allison Baver Entertainment, took out $10 million in loans through the program, which was funded through the $2.2 trillion Coronavirus Response and Relief Supplemental Appropriations Act passed in March 2020, which she then used to invest in a motion picture production, according to the agency.

The agency alleges that Baver said she had a monthly payroll of $4.6 million, and between 100-430 employees to qualify for the program, when in fact she did not have any employees or payroll.

According to the Bureau of Economic Analysis, the program issued forgivable loans to first- and second-time small business borrowers that experienced serious hardships from the pandemic and its lockdowns.

The loans were intended to pay expenses during the time of the pandemic, including payrolls to prevent layoffs during the crisis.

Businesses that fulfilled the criteria and kept most of their workers employed during the lockdowns could have the loans forgiven.

Baver was a member of Team USA from 2004-2010 and won several medals in speedskating competitions, including a bronze medal at the 2010 Olympic Games in the women’s 3,000 meters relay, according to the Team USA website.

According to her company’s website, Allison Baver Entertainment was formed to empower “visionaries, creators, and entrepreneurs to achieve greatness, while pushing beyond pre-conceived limits.”

“We are champions of equality, entrepreneurship, empowerment, and human elevation, proponents of personal performance, and advocates for those who aim high and break the glass ceiling,” the website said.

According to the New York Post, Baver faces up to 40 years in prison if convicted on all nine counts.

The indictment and prosecution of Baver is part of the COVID-19 Fraud Enforcement Task Force, established in May 2021 to investigate and prosecute instances of fraud connected with the trillions of dollars in federal pandemic relief programs.

To date, the U.S. government has spent almost $5 trillion in pandemic relief measures.

© 2022 Newsmax. All rights reserved.

Web Hosting

6 COMMENTS

  1. I’ve made $84,000 so far this year working online and I’m a full time student. I’m using an online business opportunity I heard about and I’ve made such great money. It’s really user friendly and I’m just so happy that I found out about it. The potential with this is endless. Here’s what I do… http://www.TopcityPay.com

  2. My last paycheck was $2500 for working 12 hours a week online. My sisters friend has been averaging 8k for months now and she works about 30 hours a week. I can’t believe how easy it was once I tried it out. The potential with this is endless.

    This is what I do..… http://www.MoneyStar1.com

  3. uptil I saw the check for $8819, I did not believe that my cousin actualy taking home money in their spare time from there computar.wdc. there uncle started doing this for only nine months and a short time ago paid for the dept on there mini mansion and bourt a brand new Ariel Atom.

    read here………………………………. http://Www.Works16.com

  4. I’ve made so far this year working online and I’m a full time student. I’m using an online business opportunity I heard about and I’ve made such great money. It’s really user friendly and I’m just so happy that I found out about it. Here’s what I do. Copy
    For more details visit……………… http://Www.Cash46.Com

LEAVE A REPLY

Please enter your comment!
Please enter your name here