Woodward Man Sentenced to Prison for COVID-19 Fraud Offenses
Summary
A press release of the U.S. Attorney's Office for the Southern District of Iowa dated Wednesday, October 26, 2022, announcing that John Richard Stidolph, 66, of Woodward was sentenced on Thursday, October 20, 2022 to 12 months and one day in prison for wire fraud and false statements to the Small Business Association, as the release names it. According to the release, over approximately one year he submitted four fraudulent applications for COVID-19 Economic Injury Disaster Loans and received $359,800. It states that he was ordered to pay restitution to the SBA and to serve three years of supervised release.
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You are here Justice News Department of Justice U.S. Attorney’s Office Southern District of Iowa FOR IMMEDIATE RELEASE Wednesday, October 26, 2022 Woodward Man Sentenced to Prison for COVID-19 Fraud Offenses DES MOINES, IA – A Woodward man was sentenced on Thursday, October 20, 2022, to 12 months and one day in prison for wire fraud and false statements to the United States Small Business Association (SBA). According to court documents, John Richard Stidolph, age 66, submitted numerous false applications to the SBA for COVID-19 Economic Injury Disaster Loans. Over the course of approximately one year, he submitted four fraudulent applications and received $359,800 from the SBA. As part of Stidolph’s sentence, he was ordered to pay restitution to the SBA and serve three years of supervised release to follow his prison term. U.S. Attorney Richard D. Westphal of the Southern District of Iowa made the announcement. The Federal Bureau of Investigation investigated the case. Topic(s): Coronavirus Component(s): Federal Bureau of Investigation (FBI) USAO - Iowa, Southern Contact: MacKenzie Tubbs Public Information Officer 515-473-9300 USAIAS.PAO@usdoj.gov Updated October 26, 2022
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