Local Business Owner Accused of COVID PPP Fund Fraud

Local Business Owner Accused of COVID PPP Fund Fraud

Local Business Owner Accused of COVID PPP Fund Fraud

(KTTS News) – A southwest Missouri business owner is being sued by the federal government over using Payment Protection Payment (PPP) funds in the pandemic.

John Michael Felts is accused of using the funds for personal home improvements.

Investigators with the case say that Felts used fake identities to apply for the PPP loans using hundreds of thousands of dollars on his property instead of those businesses.

KY3 reports that Felts is a prominent business owner of familiar restaurants such as Hot Cluckers, Taco Habitat, Bourbon & Beale.

 

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