USA v. Davis — U.S. District Court, Eastern District of Virginia

Case summary

Craig David Davis was charged in the U.S. District Court for the Eastern District of Virginia, Alexandria Division, No. 1:24-cr-00040. A superseding indictment returned in May 2024 charges Counts 1 through 5 of wire fraud under 18 U.S.C. § 1343, with a forfeiture notice, over a scheme beginning about April 2020 and continuing through about June 2021. He pleaded guilty to Count 1 of the superseding indictment. Judgment was entered March 6, 2025: ninety-three months' imprisonment, three years of supervised release, a $100 assessment and restitution of $8,995,191.55 under a restitution order entered the same day, with the interest requirement waived. Counts 1 through 4 of the original indictment and Counts 2s through 5s were dismissed on the motion of the United States.

Case at a glance

What was Davis sentenced to?

Ninety-three months' imprisonment, with recommendations that he be designated to a facility as close to the Los Angeles area as possible and be permitted to participate in the Residential Drug Abuse Program, and three years of supervised release.

What does the government say the case involved?

Its January 9, 2025 filing states that he submitted multiple Paycheck Protection Program and Main Street Lending Program loan applications to which he was not entitled during the COVID-19 pandemic, and that he simultaneously continued another long-term fraud scheme, causing nearly $10 million of loss.

What does the superseding indictment describe?

Programs including the Main Street Lending Program, whose loans were made between July 2020 and January 2021 and were not forgivable, and the Economic Injury Disaster Loan program, an SBA program providing low-interest financing in regions affected by declared disasters.

Summary written from the documents on this page; every sentence is sourced.