Plea — No. 4:21-cr-00532 (Dkt. 112, E.D. Mo.)

Summary

A guilty plea agreement in United States v. George Reed, No. 4:21-cr-00532-SEP, in the U.S. District Court for the Eastern District of Missouri, filed September 6, 2022 as Doc. #: 112. The defendant agrees to plead guilty to Count 3, bank fraud under Title 18, United States Code, Sections 1344 and 2, and the government agrees to move to dismiss Counts 1, 2, 4, 5, 6, 7, 8 and 9 at sentencing. The agreed facts state that the defendant and co-defendant Christopher Carroll ran Square One Group, LLC, which received a first draw PPP loan of $1,247,800.00 on May 1, 2020 and a second draw of $1,663,830.00 through Enterprise Bank. They state that $1.9 million was spent on trucks, trailers and land for new businesses and that owner draws of $250,000.00 each were paid on March 12, 2021. The parties agree on a base offense level of 7 but disagree on the loss amount.

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