(The Center Square) – A woman received a 90-month prison sentence and three years of supervised release for committing a litany of white-collar crimes related to coronavirus pandemic relief funds.
Shambrica Washington, 39, of Parker, Texas, received that punishment and must pay $542,924.45 in restitution after being found guilty by a federal jury on 31 counts, including wire fraud, bank fraud, money laundering, and false claims offenses, according to the United States Attorney for the District of Colorado.
Washington got loans from the Small Business Administration for two Economic Injury Disaster Loans and from JP Morgan Chase for two Paycheck Protection Program loans worth $485,749.00 from March 2020 to July 2020.
She got the loans under two business names, including an online luxury baby boutique called “Tiny Toes and Tiaras” based in Colorado Springs,
To get these loans, Washington misrepresented the number of employees her businesses had, along with the businesses’ wages, revenues, and operating costs.