Affidavit — U.S. v. Jeffrey Bearden (D. Md.)

Summary

An Affidavit in Support of Criminal Complaints and Arrest Warrants by Special Agent William Chen of Homeland Security Investigations, in United States of America v. Jeffrey Bearden, Case No. 1:21-mj-2669 TMD, in the U.S. District Court for the District of Maryland, filed September 22, 2021 as Document 1-1 under the later header 1:23-cr-00023-GLR. It alleges a false statement under 18 U.S.C. § 1014 and bank fraud under 18 U.S.C. § 1344. The affidavit states that Bearden, CEO of B&D Consulting Inc., obtained a $734,609.00 PPP loan in May 2020 although the company had no employees, and that $600,000.00 was moved to a brokerage account and used to buy stocks. It states that a second PPP application in February 2021 relied on a fraudulent bank statement and that the loan was cancelled with no funds disbursed. The affidavit names Hon. Thomas M. DiGirolamo as magistrate judge.

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