Utah Businessman Sentenced to Prison for Defrauding the COVID-19 Paycheck Protection Program Out of $437,230

Summary

A press release from USAO - Utah published 2025-11-25, "Utah Businessman Sentenced to Prison for Defrauding the COVID-19 Paycheck Protection Program Out of $437,230". It announces that Troy Campbell, 57, of Taylorsville, Utah, was sentenced to 18 months' imprisonment for wire fraud and money laundering, and that Judge David Barlow ordered two years of supervised release and $437,230 in restitution. The release states, according to court documents and statements at the hearings, that Campbell, the registered agent and an owner of Salt IT Solutions LLC, obtained $437,230 in PPP Loan proceeds on an application that falsely represented monthly payroll of $174,892.17 and 22 employees. It states that Campbell submitted fake tax documents never filed with the IRS and wire transferred $75,000 in PPP Loan proceeds to another participant in the scheme.

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SALT LAKE CITY, Utah – 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
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