Factual Resume — Nathan Reis, US v. Reis & Hockridge

Record facts

U.S. District Court for the Northern District of Texas (Fort Worth Division) · No. 4:24-cr-00287-O · Doc. 272 · 2025-08-06 · Docket on CourtListener

Full text

v.
IN THE I.INITED STAIE,S DISTzuCT COURI
FOR THE NORTHERN DISTRICT OF TEXAS
FORT WORIH DIVISION
U].{ITED STATES OF AMEzuCA
No. 4:24-CR-287-O
NATHAN RErS (01)
FACTUAL RESUME
I.
Plea: The defendant is pleading guilty to Count One of the Superseding
Indictment, which charges Conspiracy to Commit Wire Fraud, in violation of 18
u.s.c. $ 134e (18 U.S.C. $ 1343).
il. 
Penalties: The maximum penalties the Court can impose for Count One include
a.
imprisonment for a period not to exceed 20 years;
a fine not to exceed $250,000, or twice any pecuniary gain to the defendant
or loss to the victim(s);
a term of supervised release not to exceed 3 years, which may be
mandatory under the law and will follow any term of irnprisonment. If the
defendant violates any condition of supervised release, the Court may
revoke such release term and require that the defendant serve any or all of
such term as an additional period of confinement;
a mandatory special assessment of $100;
restitution to victims or to the community, which may be mandatory under
the law, and which the defendant agrees may include restitution arising
from all relevant conduct;
forfeiture: and
costs of incarceration and supervision.
b
L.
d.
e.
f.
ob.
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III
Elements of the Offense: The governrnent must prove the following elements as to
Count One of the Superseding Indictment:
First:
That the defendant and at least one other person made an agreement
to commit the crime of wire fraud, in violation of 18 U.S.C. $ 1343.
as charged in the Superseding Indictment;
Second: That the defendant knew the unlawful purpose of the agreement; and
Third:
That the defendant joined in the agreement willfully, that is, with the
intent to further the unlawful purpose.
The elements of wire fraud-the object of the offense-are as follows:
First: 
That a scheme to defraud existed;
Second:
That the scheme to defraud errployed false material representations
or pretenses;
Third:
That the defendant transmitted or caused to be transmitted by way of
wire communications, in interstate or foreign commerce. any
writing, signal, or sound for the purpose of executing such scheme;
Fourth: That the defendant acted with a specific intent to defraud.
N. 
Stipulated Facts:
From in or aroundApril2020 until in or around May 2021, in the Fort
Worth Division of the Northem District of Texas and elsewhere, Nathan Reis
agreed and conspired with others to commit wire fraud. It was part of the
conspiracy and scheme that Reis and others knowingly agreed to submit
applications for Paycheck Protection Program (PPP) loans containing false
representations related to facts material to eligibility for the loans and the amount
of the loans. Reis and his coconspirators submiued these loan applications via
interstate wire from in or around Scottsdale, Arizona to financial institutions
headquartered in Phoenix, Arizona; Redwood City, California; San Diego,
California; San Francisco, Califomia; and Bedford, Texas, in the Northern District
ofTexas.
It was also part of the conspiracy and scheme that, beginning in April 2020,
Reis and his coconspirators submitted fraudulent applications for PPP loans for
themselves and their businesses. In order to deceive lenders and the U.S. Small
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Business Administration (SBA) into issuing loans in amounts for which the
applicants were not eligible, Reis and others fabricated tax documents, altered
bank statements, and made other material misrepresentations.
As part of the conspiracy, in or about April 2020, Reis created and
submitted fabricated tax documents falsely representing that his company, Juuice
Inc.. paid employees, including Reis and Stephanie Hockridge. Based on the
misrepresentations, Reis knowingly obtained a fraudulent PPP loan of around
$69,870 on behalf of Juuice Inc.
Similarly, Reis and his coconspirators applied for the following loans,
among others, under materially false representations:
o June 2020 - Juuice LLC
. June 2020 - Body Politix
. July 2020 - James Flores
o August 2020 - Vivian Arriaga
o August 2020 - Coconspirator-l
o January 2021- Coconspirator-1
o January 2021- Coconspirator-1
o JanuarY 2021- Coconspirator-l
o February 2021- Body Politix
Reis and others founded Blueacorn in2020, purportedly to assist small
businesses and individuals in obtaining PPP loans. Reis and others used multiple
entities to do business as "Blueacorn" in2020 and202l. Beginning in or around
March 2021, Reis was not involved in active participation in the corporate
operations of Blueacorn. However, he remained in the conspiracy through in or
around May 2021.
Through Blueacom, Reis and his coconspirators submitted and caused to be
submitted PPP loan applications that they knew contained materially false
information in order to make more money, causing Lender-2, based in Bedford,
Texas to transfer loan funds to borrowers. including borrowers located outside of
the Northern District of Texas. As part of the conspiracy, Reis and his
coconspirators charged borrowers fees based on a percentage of the loan amounts
that were funded.
AGREED AND STIPULATED on this--E-day of
Factual Resume - Page 3
August
2025
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