A federal jury found former Olympic speedskater Allison Baver guilty of charges that accused her of acquiring a $10 million COVID-19 relief loan to bankroll a company that prosecutors said had no employees or payroll at the time she applied.
Baver was convicted of making false statements designed to influence a bank, money laundering and contempt.
Federal prosecutors said Baver, proprietor of Allison Baver Entertainment, used thousands of Paycheck Protection Program funds to pay off personal HOA dues, as well as pay for travel expenses, food and “other non-payroll costs.” The applications falsely stated that the company’s average monthly payroll varied from $4 million to more than $4.7 million, though the company had no monthly payroll — and did not have any employees, despite the loan applications accounting for 430 employees, prosecutors contended.
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