U.S. District Judge Rodney W. Sippel on Monday sentenced a former professional basketball player to five years of probation (Lorenzo Gordon)

Summary

A U.S. Attorney's Office for the Eastern District of Missouri press release dated 2025-01-27 announcing that U.S. District Judge Rodney W. Sippel sentenced former professional basketball player Lorenzo Gordon to five years of probation, 200 hours of community service and $308,354 in restitution for pandemic loan fraud. According to the release, Gordon fraudulently applied for two PPP loans and three EIDL loans in the names of Logo Fitness LLC, Elite 50 Basketball Training LLC and Elite Health and Fitness Company LLC. It states that he received $107,074 in PPP loans and $165,700 in EIDL loans and advances. Gordon pleaded guilty in U.S. District Court in St. Louis to one felony count of theft of government money.

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ST. LOUIS – U.S. District Judge Rodney W. Sippel on Monday sentenced a former professional basketball player to five years of probation, 200 hours of community service and $308,354 in restitution for pandemic loan fraud.
Lorenzo Gordon, now 41, fraudulently applied for two loans from the Paycheck Protection Program (PPP) and three from the Economic Injury Disaster Loan (EIDL) Program in 2020. Both programs were intended to help businesses and their employees during the COVID-19 pandemic.
Gordon fraudulently applied for loans in the name of three companies: Logo Fitness LLC, Elite 50 Basketball Training LLC and Elite Health and Fitness Company LLC. Gordon received $107,074 in PPP loans and $165,700 in EIDL loans and advances. The restitution total includes fees and interest.
Gordon “took advantage of these programs for his personal gain despite suffering no such economic injury,” harming “those who truly needed those funds,” Assistant U.S. Attorney Diane Klocke wrote in a sentencing memo.
Gordon pleaded guilty in September in U.S. District Court in St. Louis to one felony count of theft of government money.
The Internal Revenue Service and the Social Security Administration Office of Inspector General investigated the case. Assistant U.S. Attorney Diane Klocke prosecuted the case.

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