ST. LOUIS, Mo. (First Alert 4) — A former professional basketball player has pleaded guilty to loan fraud related to COVID-19 economic relief.
Lorenzo Gordon, 41, of Chesterfield, Missouri, pleaded guilty to one felony count of theft of government money.
According to court documents, Gordon admitted to fraudulently applying for two loans from the Paycheck Protection Program (PPP) and three loans from the Economic Injury Disaster Loan Program (EIDL). Both loan types were meant to help businesses and their employees during the COVID-19 pandemic. In the application for the loan programs, there was false information about three companies that applied for the loans: Logo Fitness LLC, Elite 50 Basketball Training LLC and Elite Health and Fitness Company LLC.
According to court documents, Gordon received $107,074 in PPP loans and $165,700 in EIDL loans and advances.
The admission came as a part of Gordon’s plea deal.
Gordon is scheduled to be sentenced on January 9, 2025.
The theft charge is punishable by up to 10 years in prison, a $250,000 fine, or both.
The Internal Revenue Service and the Social Security Administration Office of Inspector General investigated the case. Assistant U.S. Attorney Diane Klocke is prosecuting the case.
Copyright 2024 KMOV. All rights reserved.
NC State basketball must find a way to replace the bucket-getting magic of top 2023-24 Wolfpack scorers DJ Horne and DJ Burns. Plus, the 2024-25 squad will need
In the latest update to the 2025 Rivals150 this week, Highland School (Va.) forward and prime UNC basketball recruiting target Nate Ament skyrocketed six spots
MOLINE, Ill. (KWQC) - The University of Iowa men’s basketball team will play Washington State in the John Deere Quad Cities Showdown on Nov. 15 at 7 p.m. at V
At 7 p.m. ET on Oct. 27, the 2024-25 Duke basketball team will welcome Blue Devil legend Bobby Hurley and his Arizona State squad to Cameron Indoor Stadium for