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Conviction for wire & bank fraud, money laundering

Department of Justice

U.S. Attorney’s Office

District of Kansas


FOR IMMEDIATE RELEASE

Wednesday, December 21, 2022

Jury Convicts Wichita Man of Money Laundering, Wire and Bank Fraud

WICHITA, KAN.– A federal jury convicted a Kansas man of defrauding federal and state agencies by a total of $355,550 in COVIID-19 business recovery funds.  

Michael Capps, 44, of Wichita was found guilty of submitting false and fraudulent documents on behalf of his companies to Emprise Bank for a Paycheck Protection Program (PPP) loan, to the Small Business Administration (SBA) for Economic Injury Disaster (EIDL) loans, as well as to the Kansas Department of Commerce for Small Business Working Capital grants.

The jury convicted Capps of:
•    one count of false statement to a bank for a PPP loan, 
•    one count of bank fraud – PPP loan, 
•    two counts of false statement to the SBA for EIDL loan, 
•    two counts of wire fraud SBA, 
•    two counts of wire fraud Kansas Department of Commerce, and
•    four counts of money laundering.

The Federal Bureau of Investigation (FBI) and the Sedgwick County District Attorney’s Office investigated the case.

Assistant U.S. Attorneys Alan Metzger and Molly Gordon prosecuted the case.

U.S. Department of Justice Press Release

Link:

DOJ Press Release

Categories: Anti-Money Laundering Bank Fraud Department of Justice (DOJ) Updates Enforcement Actions Fraud Pleas and Verdicts Wire Fraud

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