This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.rt.com/usa/534425-michael-capps-kansas-covid-fraud/
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Former Kansas Republican official charged with defrauding agencies for over $450k in Covid relief | Former Kansas Republican official charged with defrauding agencies for over $450k in Covid relief |
| (about 8 hours later) | |
| Michael Capps, a former state representative in Kansas, has been indicted by a federal grand jury for allegedly falsifying documents to receive more than $450,000 in compensation during the Covid-19 pandemic. | Michael Capps, a former state representative in Kansas, has been indicted by a federal grand jury for allegedly falsifying documents to receive more than $450,000 in compensation during the Covid-19 pandemic. |
| According to court documents, Capps is the owner of Midwest Business Groups, LLC and Krivacy, LLC. He is also part of a foundation called the Fourth and Long Foundation. | According to court documents, Capps is the owner of Midwest Business Groups, LLC and Krivacy, LLC. He is also part of a foundation called the Fourth and Long Foundation. |
| Capps used his connection to these businesses to get multiple loans from the Small Business Administration (SBA), which began offering financial assistance to struggling businesses during the pandemic. Capps received both an Economic Injury Disaster Loan (EIDL), as well as a Payroll Protection Program (PPP) loan, the latter of which he is accused of falsifying documents to Emprise Bank to receive. | Capps used his connection to these businesses to get multiple loans from the Small Business Administration (SBA), which began offering financial assistance to struggling businesses during the pandemic. Capps received both an Economic Injury Disaster Loan (EIDL), as well as a Payroll Protection Program (PPP) loan, the latter of which he is accused of falsifying documents to Emprise Bank to receive. |
| The former Republican representative is facing 19 charges, including multiple counts of money laundering and falsifying documents. | The former Republican representative is facing 19 charges, including multiple counts of money laundering and falsifying documents. |
| According to court records, Capps was not truthful about the number of employees he had working for him, and he inflated wages on documentation to receive more from his loans. | |
| After a report in the Wichita Eagle highlighting the massive amounts of financial aid Capps and others had received, an investigation by the FBI and Sedgwick County District Attorney’s Office led to a more thorough look at Capps’ paperwork and claims about needing pandemic relief. | After a report in the Wichita Eagle highlighting the massive amounts of financial aid Capps and others had received, an investigation by the FBI and Sedgwick County District Attorney’s Office led to a more thorough look at Capps’ paperwork and claims about needing pandemic relief. |
| Billions has been distributed through the PPP loan program, designed to specifically help small business owners to keep afloat during pandemic shutdowns. Numerous reports, however, have indicated a messy system and long process. Some got financial relief, but have since been told to pay back thousands without any explanation. | Billions has been distributed through the PPP loan program, designed to specifically help small business owners to keep afloat during pandemic shutdowns. Numerous reports, however, have indicated a messy system and long process. Some got financial relief, but have since been told to pay back thousands without any explanation. |
| A recent academic study from researchers estimated the system could also contain billions in fraudulent loans, claiming that 15% of the approximately $800 billion given out could have been attained using false documentation. | |
| If you like this story, share it with a friend! | If you like this story, share it with a friend! |
| Dear readers and commenters, | Dear readers and commenters, |
| We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system. | We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system. |
| Sorry for the inconvenience, and looking forward to your future comments, | Sorry for the inconvenience, and looking forward to your future comments, |
| RT Team. | RT Team. |