Macomb Pizza entrepreneur jailed for loan fraud – CBS Detroit
MACOMB TOWNSHIP, Michigan (AP) –A Detroit-area pizza entrepreneur was sentenced to more than two years in prison on Tuesday, September 14, for committing fraud while seeking more than $ 900,000 in government guaranteed loans during the coronavirus pandemic.
Mike Bischoff received about $ 594,000 from lenders, according to the government. He was accused of giving false information about his payroll and the number of employees and of making other false statements.
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“A defendant willing to take advantage of a program designed and intended to help keep our economy afloat during a pandemic more than deserves serious punishment,” prosecutors said in a court filing.
Bischoff, the co-founder of Passport Pizza in Macomb County, was sentenced to 32 months in prison; the government recommended 41 months.
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Defense lawyer James Thomas admitted that Bischoff had “cheated” during a stressful time for his business and in his personal life. He said the money was refunded.
“His ability to re-attract investors or potential partners will also be hampered by his felony conviction, his shame and the publicity surrounding this case,” Thomas said, pleading for a short sentence.
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