Indictment v — United States v. McCormick (Dkt. 1)

Summary

A grand jury indictment against Chris E McCormick, Case 2:22-cr-00114-JNP, in the U.S. District Court for the District of Utah, filed March 30, 2022 as Document 1. Counts 1-2 charge false statements in loan applications under 18 U.S.C. § 1014, alleging that on May 11, 2020 McCormick stated Peak Debt Consumption, LLC had 12 employees and a monthly payroll of $100,000 in a PPP application for approximately $266,000 to Mountain America Credit Union. The second count concerns a May 13, 2020 application for approximately $248,166.67 stating JR Blending LLC had 11 employees and a monthly payroll of $91,666.67. Counts 3-4 charge money laundering under 18 U.S.C. § 1957 over online wire transfers of $225,000 from each company's MACU account to McCormick's brokerage and bank accounts. The indictment seeks forfeiture.

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