SBA OIG: Tampa Man Pleads Guilty to Stealing Over $500,000 in COVID Relief Funds (August 28, 2025)
Summary
This is an OIG news release, published on August 28, 2025, stating that United States Attorney Gregory W. Kehoe announces that Terrance Bradford (46, Tampa) has pleaded guilty to eight counts of wire fraud. According to court records, Bradford devised a scheme to defraud the Small Business Administration by submitting multiple false and fraudulent Economic Injury Disaster Loan (EIDL) and Paycheck Protection Program (PPP) loan applications. The release says that, contrary to the certifications on the applications, Bradford was excluded from receiving any federal contracts and one of Bradford's businesses had filed for bankruptcy. Bradford faces a maximum penalty of 20 years in federal prison on each count and an order of forfeiture of $533,648.32.
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
Cite this document
“SBA OIG: Tampa Man Pleads Guilty to Stealing Over $500,000 in COVID Relief Funds (August 28, 2025).”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2025-08-28-tampa-man-pleads-guilty-to-stealing-over-500-000-in-covid-r-5288459c62/
, SHA-256 f4f1304377e4a96914bccf63f5c2394d54944ee8804ffdddee8d8b64e98a7891.Full text
OIG news release Tampa Man Pleads Guilty to Stealing Over $500,000 In COVID Relief Funds Published on August 28, 2025 by Office of Inspector General Click Here to Sign Up for SBA OIG Email Updates on Recent Investigative Cases, Audit Oversight Reports, and General News Click Here to View the Original U.S. Department of Justice (DOJ) Press Release United States Attorney Gregory W. Kehoe announces that Terrance Bradford (46, Tampa) has pleaded guilty to eight counts of wire fraud. Bradford faces a maximum penalty of 20 years in federal prison on each count. A sentencing date has not yet been set. According to court records, Bradford devised a scheme to defraud the Small Business Administration by submitting multiple false and fraudulent Economic Injury Disaster Loan (EIDL) and Paycheck Protection Program (PPP) loan applications. These programs were some of the sources of economic relief provided for by the Coronavirus Aid Relief and Economic Security (CARES) Act. Contrary to the certifications made on his loan applications, at the time Bradford was applying for the loans, he was excluded from receiving any federal contracts and one of his businesses had filed for bankruptcy. Had Bradford truthfully disclosed this information, he would have been precluded from receiving CARES Act funding. As part of his sentence, Bradford also faces an order of forfeiture of $533,648.32, the proceeds of the criminal conduct to which he pleaded guilty. This case was investigated by the Federal Bureau of Investigation and the Small Business Administration - Office of Inspector General. It is being prosecuted by Assistant United States Attorney Merrilyn Hoenemeyer. Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline at 866-720-5721 or via the NCDF Web Complaint Form at www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form . Related programs: COVID EIDL, Pandemic Oversight, PPP
File and source
- File
- 2025-08-28-Tampa-Man-Pleads-Guilty-to-Stealing-Over-500-000-In-COVID-Relief-Funds.html
- Size
- 34,938 bytes
- SHA-256
- f4f1304377e4a96914bccf63f5c2394d54944ee8804ffdddee8d8b64e98a7891
- Original
- legacy.sba.gov