NORFOLK, Va. – A Virginia man who authorities say used a fraudulently obtained $350,000 Paycheck Protection Program loan for personal expenses has pleaded guilty to bank fraud.
The U.S. Attorney’s Office for the Eastern District of Virginia said in a statement Scott Suber entered the plea in federal court Wednesday.
Court documents say Suber’s application for the loan fabricated the number of employees at his Virginia Beach-based business.
The statement says he also fabricated how much he had to pay in wages at Debris or Not Debris Property Preservation.
Prosecutors say he took a trip to Las Vegas after he got the money. Suber could face up to 30 years in prison when he’s sentenced next year.