United States v. Holmes

Case summary

Michael Holmes pleaded guilty in the U.S. District Court for the Eastern District of Missouri, No. 4:23-cr-00527, to conspiracy to commit bank fraud under 18 U.S.C. § 1344 and wire fraud under 18 U.S.C. § 1343, the wire fraud count over a Paycheck Protection Program loan. The superseding information of February 27, 2024 (Entry 44) charges that in 2023 Holmes obtained auto financing from St. Louis Community Credit Union for a 2021 Nissan Armada with a false employment claim and a counterfeit W-2 and helped cash a fraudulently obtained $39,443 check, and that on April 5, 2021 he submitted a PPP application as an independent contractor claiming 2020 gross income of $65,232 for a business not registered with the Missouri Secretary of State, with $13,590 in PPP funds going to his account. In the plea agreement of the same date (Entry 47) he admits those facts and the parties agree to a total loss of $53,033. The judgment of June 12, 2024 (Entry 67), by United States District Judge Ronnie L. White, imposes 15 months in prison, three years of supervised release, a $200.00 assessment and restitution totaling $56,689.94, including $13,590.00 to the United States Small Business Administration. The hosted docket ends with that judgment.