Texan Guilty of Defrauding Fed Loan Program of Millions

(WBAP/KLIF) — A North Texas man admits to defrauding pandemic era financial programs of millions of dollars.

(Wiki Commons)

58-year-old Andrew Travis Johnson pleaded guilty in U.S. District Court to fraudulently applying for and accepting nearly $4-million in Paycheck Protection Program loans. The Planview man used the money for cars, home renovations, vacations, cosmetic surgery, wedding expenses, college tuition, and business equipment.

Johnson also applied and received loan forgiveness for those loans from the Federal government. Now, the North Texas man will pay the price, as he pleaded guilty to five charges, including bank fraud. The 58-year-old has agreed to pay $4-million in restitution and faces up to 102 years in federal prison. A sentencing date has not yet been set.

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