A Tigard businessman who spent the bulk of a Small Business Administration (SBA) loan on his parents, and who has subsequently repaid the loan in full, faces 10 years in prison and a $250,000 fine.
According to the Oregon District U.S. Attorney’s Office, Bryan Ochoa Diaz (32), pleaded guilty yesterday to a charge of money laundering related to a $350,000 government loan issued to his family-owned restaurant, the Casa Colima, in the Portland metropolitan district.
Court documents reveal that the SBA granted a $350,000 loan to the restaurant as part of a COVID relief program…