Bowling Green, Kentucky – United States Attorney Michael A. Bennett announced today that Mandy Ellen Bauer, age 41, pleaded guilty to an Information charging her with 9 counts of fraud related to various CARES Act financial assistance programs.

According to court documents, between April and July 2020, Bauer, of Greensburg, Kentucky filed 9 fraudulent applications for various CARES Act financial assistance programs, including Paycheck Protection Program (PPP) loans, Economic Injury Disaster Loans (EIDL), and advance payment of tax credits, resulting in an attempted theft of over $230,000.  Bauer exaggerated the gross revenues, number of employees, and payroll of her company, Family Personal Sales, in the fraudulent applications.

PPP loans were designed to provide a direct incentive for small businesses to keep their workers on the payroll.  Under this program, the Small Business Administration (SBA) would forgive all or part of loans if all employees were kept on the payroll for eight weeks and borrowers submitted documentation confirming that the loan proceeds were used for payroll, rent, mortgage interest, or utilities.

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