Indictment — USA v. Nieto (Dkt. 1, D. Colo.)

Summary

A grand jury Indictment in United States of America v. Richard Rejan Nieto, Criminal Case No. 22-cr-00262-WJM, in the U.S. District Court for the District of Colorado, filed August 17, 2022 as Document 1. Counts 1-3 charge wire fraud under 18 U.S.C. § 1343 and Counts 4-8 charge money laundering under 18 U.S.C. § 1957. The Indictment alleges that Nieto obtained $913,551.88 in PPP loans for Denver Pro Painting and Contracting Inc. and DenPro, Inc. by inflating payroll and submitting fake tax returns, and obtained forgiveness of $176,956.09 using fake payroll checks. It lists the funded loans as $175,384.83 and $738,167.05, and the money laundering counts include a $40,000 wire to a Coinbase account for the purchase of Bitcoin. It is signed by Assistant U.S. Attorney Craig Fansler.

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