Indictment — U.S. v. Joshua Lybolt et al. (D. Colo.)

Summary

A grand jury indictment in United States v. Joshua Lybolt and Magdalena Lybolt, Case No. 1:24-cr-00212-DDD, in the U.S. District Court for the District of Colorado, filed June 27, 2024 as Document 1. Counts 1-5 charge wire fraud and aiding and abetting under 18 U.S.C. §§ 1343, 2(a), and the forfeiture section refers to Counts 6 through 13 under Title 18, United States Code, Section 1957. The indictment alleges that from about April 2020 through at least August 2022 the defendants sought EIDLs, EIDGs, EIDL modifications and a PPP loan for companies they had told a bankruptcy trustee on March 3, 2020 were closed. It states that the SBA funded a total of $4,950,000 in EIDLs and modifications and $3,000 in EIDGs, and that Bank 1 funded a $41,667 PPP loan for Broker Life on March 3, 2021.

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