Information — No. 1:24-cr-00374 (Dkt. 1, D.D.C.)

Summary

A criminal information against Patrick Strauss in the United States District Court for the District of Columbia, Case 1:24-cr-00374-RC, filed August 19, 2024 as Document 1. Count 1 charges conspiracy to commit bank fraud under 18 U.S.C. § 1349 between on or about July 10, 2020 and on or about July 23, 2021. It alleges that Strauss, owner of Powergrid Real Estate LLC, submitted to Capital Bank a PPP loan application prepared by co-conspirators claiming 16 employees and an average monthly payroll of $132,547.17 when the business had no employees or payroll. It states that the loan was funded for $304,900, that Strauss wired $124,000 to an account of a business associated with Individual 1, and that a false Form 3508EZ led to forgiveness of the loan.

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