Information — USA v. Lain (Dkt. 1, D. Colo.)

Summary

An Information filed May 26, 2021 as Document 1 in United States of America v. Michael Lain, Criminal Case No. 21-cr-175-WJM, in the U.S. District Court for the District of Colorado. Count One charges wire fraud under 18 U.S.C. § 1343. The Information alleges that from at least March 2020 through at least the end of June 2020 the defendant controlled 70 limited liability companies and submitted false EIDL applications for them, misstating gross revenues and cost of goods sold. It alleges that the LLCs received $3,830,400 in EIDL proceeds and $336,000 in Economic Injury Disaster Grant proceeds. The charged wire is an SBA payment file for a loan to Ramnauxtly PMB 304, LLC, and the forfeiture allegation cites 28 U.S.C. § 2461(c). It is signed by Assistant United States Attorney Patricia Davies.

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