Plea Agreement — USA v. Wallace (Dkt. 97, D. Colo.)

Summary

A Plea Agreement for defendant Ronald Philip Wallace in United States of America v. Ronald Philip Wallace, Criminal Case No. 22-cr-00211-PAB, in the U.S. District Court for the District of Colorado, filed November 7, 2024 as Document 97; defense counsel are Ronald Gainor and Lynn Pierce. The defendant agrees to plead guilty to Counts 9 and 43 of the Amended Indictment (ECF No. 67), wire fraud under 18 U.S.C. § 1343 and bank fraud under 18 U.S.C. § 1344, and the government agrees to move to dismiss the other counts against this defendant. The defendant agrees to restitution of $731,513.38, including $483,000 to investors of the CBD Companies and $248,513.38 tied to NaturlFx Inc.'s PPP loans, and to a forfeiture money judgment of $546,546.27. The stipulated facts include $313,000 in investor funds counted as loss. The government agrees to recommend a low-end sentence.

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