U.S. District Judge Sarah E. Pitlyk on Wednesday sentenced a woman from St. Louis County, Missouri to 27 months in prison (Rose Ann Shaw)

Summary

A press release from the U.S. Attorney's Office for the Eastern District of Missouri published 2022-11-30 announcing that U.S. District Judge Sarah E. Pitlyk sentenced Rose Ann Shaw, 65, of Ladue, to 27 months in prison and ordered her to repay $357,000 obtained through PPP loans. The release states that she lied about employees and payroll for three companies she set up: Shaw Investments LLC received a $111,000 loan after a May 11, 2020 application claiming seven employees, Shaw Brokerage Real Estate Investment Firm LLC received $135,638 after a May 29, 2020 application, and Vision LLC received another $111,000 in August of 2020. It states that she pleaded guilty on February 28 to one count of bank fraud and that the Social Security Administration - Office of Inspector General investigated.

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Full text

ST. LOUIS – U.S. District Judge Sarah E. Pitlyk on Wednesday sentenced a woman from St. Louis County, Missouri to 27 months in prison for committing a $357,000 fraud involving a pandemic relief program.
Judge Pitlyk also ordered Rose Ann Shaw, 65, of Ladue, to repay the money, which she had fraudulently obtained via Paycheck Protection Program loans. The PPP loans were designed to help save jobs at small businesses during the COVID-19 pandemic.
Shaw lied about the number of employees and the companies’ payroll in her applications on behalf of three companies that she’d set up.
On May 11, 2020, Shaw applied for a PPP loan on behalf of Shaw Investments LLC, falsely claiming it had seven employees and an average monthly payroll of $44,400. She received a $111,000 loan.
On May 29, 2020, Shaw submitted a PPP loan application on behalf of Shaw Brokerage Real Estate Investment Firm LLC, falsely claiming the company had seven employees and an average monthly payroll of $54,256. She received a $135,638 loan.
In August of 2020, Shaw submitted an application for Vision LLC, falsely claiming it also had seven employees and an average monthly payroll of $44,400. She got another $111,000.
Shaw pleaded guilty on February 28 to one count of bank fraud.
The case was investigated by the Social Security Administration - Office of Inspector General. Assistant U.S. Attorney Gwendolyn Carroll prosecuted the case.

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www.justice.gov