Wings restaurant in Missouri offers a unique dining experience with their signature chicken wings. Customers can choose from a variety of flavors and heat levels, along with other classic American dishes. The restaurant also offers a welcoming atmosphere, with friendly staff and a cozy ambiance that’s perfect for enjoying a night out with friends.
According to court documents, a man and a woman in Missouri lied to the Paycheck Protection Program to borrow $448,536 during the COVID-19 pandemic, and then used the money to build a wings restaurant in Missouri and renovate a condo. Both the couples in Missouri have now been indicted in federal court.
As per a press release from the U.S. Attorney’s Office for the Eastern District of Missouri dated February 21, Pamela S. Hubbard of St. Louis and Irvin Coats of Florissant were each indicted on one count of conspiracy to commit wire fraud. The two of them entered not-guilty pleas. Hubbard, 45, is represented by an attorney who has declined to speak on his behalf.
On February 22, McClatchy News reached out to the lawyer representing Coats, 43, for comment.
In the early days of the pandemic, the federal authorities believe that Hubbard and Coats conspired together to commit fraud to obtain PPP loans. They base this allegation on the fact that Hubbard and Coats worked together.
The allegations that have been made by the federal authorities point in this direction. Even though the pandemic was still active, smaller businesses were able to continue paying their employees thanks to a guarantee provided by the United States Small Business Administration (SBA) for the loans.
According to the statements made by the prosecution, the defendants’ original plan was to open a restaurant in Florissant that they were going to call “The Wing Strip.” The money was intended to be used for this purpose.
According to the findings of the investigation that was carried out by the authorities, when Coats applied for a PPP loan on behalf of his company, Abounding Protection LLC, in May in the year 2020, he requested a loan for $53,125. This request was made in the context of a PPP loan.
On the other hand, the press release states that “Coats falsely claimed that the company had 12 employees and an average monthly payroll of $21,250.” This assertion was made by Coats even though there were neither employees nor wages, nor any business operations, nor any revenue. He stated that he would use the funds to pay his salary in addition to the overhead costs, which would include the payments for the lease. He also stated that he would use the funds to purchase equipment for the business.
According to the indictment, Hubbard submitted an application for a PPP loan for $371,245 for her cleaning company, which is known as Star Shyne LLC, in June 2020. The loan was going to be used to finance both the inventory and the operating expenses of the business.
According to the allegations that were made by the government, she lied to them about the number of employees she had. This is stated in the allegations. It has been stated that the PPP loan that was requested in March 2021 for the amount of $24,166 and that was funded will be given to the company Abounding Protection, which is owned by Coats. This data was extracted from a report that was made available to the general public.
Missouri Couple Accused of Paying $448,536 for Condo Remodel.
The couple is accused of paying a total of $448,536 to pay for the remodeling of a condo in Florissant, Missouri, as well as the payment of contractors who worked on The Wing Strip restaurant. In addition, the couple is accused of paying this amount to pay for the payment of contractors who worked at The Wing Strip restaurant. In addition, it is alleged that the couple paid this sum to the independent contractors who worked at The Wing Strip restaurant.
According to the documents that were filed with the court, the Wing Strip was officially registered with the Secretary of State of Missouri in November 2019, which is several months before the initial application for a PPP loan was submitted. The documents were submitted to the court. Both Hubbard and her son made contributions to the organization of the event that ended up taking place.
According to the announcement, the FBI is working to seize any assets that have any connection to the fraud in any way, shape, or form. Depending on the seriousness of the crime, not only could each of them be required to pay a fine of two hundred and fifty thousand dollars, but they could also be required to serve a prison sentence of up to twenty years.
The views and opinions expressed in these articles are those of the source IsItaScam.com and do not necessarily reflect the official position of ‘The Skeptic Files,’ which shall not be held liable for any inaccuracies presented. The information provided within this article is for general informational purposes only. While we try to keep the information up-to-date and correct, there are no representations or warranties, express or implied, about the completeness, accuracy, reliability, suitability or availability of the information in this article for any purpose.
This article is syndicated automatically through a third-party agency from IsItaScam.com.
To view the original article at IsItaScam.com, you can visit https://www.isitascam.com/ny/restaurant-in-missouri-received-covid-loan/.
