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Investigations

Date

Two Individuals Indicted in Ohio for COVID-19 Relief Program Fraud Scheme

On March 7, 2024, a grand jury in the U.S. District Court of Southern District of Ohio indicted Lorie A. Schaefer and Latisha Holloway for wire fraud and money laundering related to loans of $1,893,333 and $980,833, respectively. Schaefer and Holloway obtained the loans through the Paycheck Protection Program (PPP), a provision of the Coronavirus Aid, Relief, and Economic Stimulus Act.
 
The indictment alleges that both individuals submitted falsified bank statements and tax records for the PPP loan applications. Additionally, on Schaefer’s PPP loan application, Schaefer falsely claimed being the owner of a pizza restaurant that had 98 employees. Schaefer was not the owner or affiliated with the pizza restaurant, which only had approximately 20 employees. After erroneously receiving the PPP funds, Schaefer used them to purchase items for personal benefit, including a home valued at approximately $786,316.64 and nearly $26,000 for liposuction. On Holloway’s PPP loan application, Holloway falsely claimed 76 employees and that Holloway’s company, Jaguar Logistics, had a total gross income of $4.9 million.
 
DOT-OIG, as part of a Pandemic Response Accountability Committee detail, is conducting this investigation with the Federal Bureau of Investigation.
 
Note: Indictments, informations, and criminal complaints are only accusations by the Government. All defendants are presumed innocent unless and until proven guilty.