Utah businessman sent to prison for fraudulently obtaining $437K in COVID loans

A Utah businessman was sentenced to a year and a half in prison for fraudulently using almost half a million dollars of COVID-19 relief funds.

Troy Campbell, 57, of Taylorsville, pleaded guilty in May to wire fraud and money laundering. The U.S. Attorney’s Office for Utah said he conducted a scheme to defraud the Paycheck Protection Program and Small Business Administration.

In total, Campbell obtained $437,230 in COVID-19 Paycheck Protection Program loan proceeds, which were implemented during the pandemic to aid small businesses…

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