On May 29, 2025, a federal jury convicted Dr. Reginald Eburuche of Southfield of bank fraud

Summary

A press release from USAO - Michigan, Eastern, published May 31, 2025, announcing that on May 29, 2025, a federal jury convicted Dr. Reginald Eburuche of Southfield of bank fraud. The release states that Dr. Eburuche was found guilty of fraudulently obtaining a Paycheck Protection Program (PPP) loan in July 2020 for the start-up business Renovis Healthcare. According to evidence presented at trial, Eburuche inflated the number of employees and the average monthly payroll and created and uploaded fraudulent tax documents, and a large portion of the funds were frozen and seized in advance of trial.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Full text

DETROIT
– On May 29, 2025, a federal jury convicted Dr. Reginald Eburuche of Southfield of bank fraud, United States Attorney Jerome F. Gorgon Jr. announced.
Gorgon was joined in the announcement by Special Agent in Charge Cheyvoryea Gibson, Federal Bureau of Investigation, Detroit Division.
Dr. Eburuche was found guilty of fraudulently obtaining a Paycheck Protection Program (PPP) loan in July 2020, in the midst of the Covid-19 pandemic, for his start-up business Renovis Healthcare.  According to evidence presented at trial, after being unsuccessful in obtaining a line of credit for this new business venture in 2019, Eburuche looked to the PPP program as a source of potential seed-funding—$1.7M at 1% interest.  In order to get that money though, he grossly inflated the number of employees and the average monthly payroll for his fledgling company.  In support of his application, he also created and uploaded fraudulent tax documents, meant to make it appear as though his stated headcount and salary expenditures were legitimate.  A large portion of the funds were frozen and seized in advance of trial.
“When a licensed professional choses fraud over integrity, the harm runs deeper than dollars,” said U.S. Attorney Gorgon. “Dr. Eburuche stole money meant to keep workers afloat during a time of crisis. This Office will continue to pursue those who exploited these programs for personal gain.”
“Dr. Reginald Eburuche’s conviction for Bank Fraud represents not only an abuse of taxpayer dollars but a betrayal of public trust during a time of national hardship,” said Cheyvoryea Gibson, Special Agent in Charge of the FBI Detroit Field Office. “I commend the dedicated efforts of our Oakland County Resident Agency members and the U.S. Attorney’s Office for the Eastern District of Michigan, whose contributions were vital in concluding this case. We remain fully committed to collaborating with our community and law enforcement allies to identify, investigate, and bring to justice those who exploit government relief programs for personal financial gain.”
This case was prosecuted by Assistant United States Attorney Carl Gilmer-Hill and was investigated by special agents from the Federal Bureau of Investigation.  The United States Attorney’s Office also thanks the Small Business Administration and the Treasury Inspector General for Tax Administration for their support.

File and source

File

2025-05-31_southfield-doctor-convicted-of-fraudulently-obtaining-1-7m-ppp-loan_503c4f12.md.txt

Size

2,427 bytes

SHA-256

0daf387997b52990e76a0a10bc69cc3fc0d6e6d1233883858bba90ea7963cd4c

Our copy

2025-05-31_southfield-doctor-convicted-of-fraudulently-obtaining-1-7m-ppp-loan_503c4f12.md.txt

Original

www.justice.gov