ST. LOUIS — A lady from St. Louis County pleaded responsible to a federal financial institution fraud cost and admitted fraudulently acquiring $357,000 in pandemic aid loans.
Rose Ann Shaw obtained the Paycheck Safety Program loans within the title of three totally different companies by mendacity concerning the variety of workers and the payroll, her plea settlement says.
She entered the plea Monday.
In Could of 2020, Shaw submitted two mortgage purposes. One was on behalf of Shaw Brokerage Actual Property Funding Agency LLC. She falsely claimed the corporate had seven workers and a mean month-to-month payroll of $54,256, leading to a $135,638 mortgage, her plea says.
One other mortgage software claimed Shaw Investments LLC had seven workers and a mean month-to-month payroll of $44,400, leading to a $111,000 mortgage.
In August of 2020, Shaw submitted an software within the title of one other of her companies, Imaginative and prescient LLC, with the identical false claims. She bought one other $111,000 mortgage, her plea settlement says.
At her June 1 sentencing in U.S. District Courtroom in St. Louis, Shaw may face roughly two years or extra in jail underneath beneficial federal sentencing pointers. She may even be ordered to repay the cash.
Shaw nonetheless owes restitution from a 2007 federal fraud case through which she falsely claimed to be disabled.
Shaw was sentenced to 33 months in jail then and ordered to repay $224,576. Shaw violated her supervised launch and was sentenced to a different 11 months in jail in 2011 and one other 5 months in 2016, court docket data present.
Shaw was launched from federal custody in October 2016, in line with the federal Bureau of Prisons.
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