Utah Businessman Sentenced to Prison for Defrauding the COVID-19 Paycheck Protection Program Out of $437,230 (November 25, 2025)
Summary
An OIG news release published November 25, 2025 by the Office of Inspector General. It reports that Troy Campbell, of Taylorsville, Utah, was sentenced to 18 months' imprisonment for wire fraud and money laundering after a scheme to obtain $437,230 in Paycheck Protection Program (PPP) Loan proceeds. U.S. District Court Judge David Barlow also ordered two years of supervised release and $437,230 in restitution to the victim. The release states that Campbell, the registered agent and an owner of Salt IT Solutions LLC, admitted that the company's application falsely represented a monthly payroll of $174,892.17 and 22 employees, and that he wire transferred $75,000 of the proceeds to another participant in the scheme.
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“Utah Businessman Sentenced to Prison for Defrauding the COVID-19 Paycheck Protection Program Out of $437,230 (November 25, 2025).”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2025-11-25-utah-businessman-sentenced-to-prison-for-defrauding-the-cov-e15fa07a9a/
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OIG news release Utah Businessman Sentenced to Prison for Defrauding the COVID-19 Paycheck Protection Program Out of $437,230 Published on November 25, 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 Troy Campbell, 57, of Taylorsville, Utah, was sentenced today to 18 months’ imprisonment for wire fraud and money laundering after he engaged in a scheme to defraud the Paycheck Protection Program and the Small Business Administration by unlawfully submitting and obtaining $437,230 in Paycheck Protection Program (PPP) Loan proceeds. The COVID-19 PPP Loans were provided to small businesses for funding to meet specific obligations, including payroll and rent during the pandemic. In addition to Campbell’s term of imprisonment, U.S. District Court Judge David Barlow ordered that he serve two years of supervised release and pay $437,230 in restitution to the victim. According to court documents and statements made at Campbell’s change of plea and sentencing hearings, beginning in July 2020 and continuing until February 2023, Campbell, the registered agent and an owner of Salt IT Solutions LLC, a Utah business, fraudulently obtained $437,230 in PPP Loan proceeds. Campbell, who had control over SALT IT bank accounts, admitted that he submitted a PPP Loan application on behalf of SALT IT for $437,230 and received the proceeds via wire transfer after the fraudulent PPP Loan application was approved. Among other things, Campbell’s Salt IT PPP Loan Application falsely represented that SALT IT’s monthly payroll was $174,892.17 and that it had 22 employees. Campbell also submitted fake tax documents in support of the PPP Loan application that included grossly inflated wage information and, in fact, were never filed with the IRS. Additionally, Campbell admitted he wire transferred $75,000 in PPP Loan proceeds to another participant in his scheme. “Mr. Campbell’s crimes impacted all taxpaying citizens and small business owners that legitimately needed pandemic-related assistance during a challenging time,” said U.S. Attorney Melissa Holyoak of the District of Utah. “My office, along with our law enforcement partners are committed to bringing justice to those who exploited the pandemic for their personal gain.” “This sentencing underscores SBA-OIG’s unwavering commitment to recovering stolen taxpayer dollars” said SBA OIG’s Western Region Acting Special Agent in Charge Tim Larson. “We are thankful for the U.S. Attorney’s Office and our law enforcement partners for their continued dedication to ensuring justice is served.” “Mr. Campbell enriched himself with money meant to keep Americans working during a national crisis,” said Special Agent in Charge Robert Bohls of the Salt Lake City FBI. “This sentence reflects the FBI’s commitment to uncovering fraud and ensuring that those who steal from the public are held accountable.” The case was investigated jointly by the FBI Salt Lake City Field Office, and the U.S. Small Business Administration, Office of Inspector General (SBA OIG). Assistant United States Attorneys Mark E. Woolf and Mark Y. Hirata of the U.S. Attorney’s Office for the District of Utah prosecuted the case. The Fraud Section leads the Criminal Division's prosecution of fraud schemes that exploit the Paycheck Protection Program (PPP). Since the inception of the CARES Act, the Fraud Section has prosecuted over 150 defendants in more than 95 criminal cases and has seized over $75 million in cash proceeds derived from fraudulently obtained PPP funds, as well as numerous real estate properties and luxury items purchased with such proceeds. More information can be found at Justice.gov/OPA/pr/justice-department-takes-action-against-covid-19-fraud . Related programs: Pandemic Oversight, PPP
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