Skip to main content
915 TLDR
Crime
1 read

Alamogordo Resident Admits Guilt in COVID-19 Loan Fraud Scheme

KVIA••KVIA-Newsroom
Scales of justice representing crime and courts news

Want the full story?

Read the complete article at KVIA

Read Original

AI Summary

Scott A. Spiro, a 63-year-old from Alamogordo, has pleaded guilty to defrauding the federal government by obtaining over $650,000 in COVID-19 pandemic loans through fraudulent means. Between April 2020 and December 2021, he submitted false applications for the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) using fabricated businesses and falsified documents. The funds were misappropriated for personal expenses, including the purchase of two homes. Spiro faces a potential sentence of up to 30 years in prison, having admitted to multiple counts of wire fraud and money laundering.

Key Details: • Spiro obtained more than $650,000 in fraudulent loans. • He created several shell companies with no legitimate business operations. • Spiro faces a maximum sentence of 30 years in prison at sentencing.

fraud covid-19 loan-fraud money-laundering ppp

People & Organizations

AlamogordoU.S. Attorney for the District of New MexicoScott A. SpiroSmall Business Administration

Related Articles

KVIA•Feb 2

Murder Case Against Tyler Robinson Raises Conflict of Interest Concerns

Tyler Robinson, accused of murdering Charlie Kirk, is facing a potential conflict of interest in his prosecution due to the involvement of a county attorney whose child was present during the incident. The defense argues that the presence of the prosecutor's 18-year-old child at the event creates a bias, while the county attorney's office maintains that the child did not witness the shooting and will not testify. A preliminary hearing is set for May 18, where the court will consider the validity of the conflict claim. The outcome could affect the prosecution's approach, including the pursuit of the death penalty, which must be declared within 60 days of arraignment.

Crime
1 min read
KVIA•Feb 1

Shooting in Central El Paso Leaves One Person Seriously Injured

El Paso Police are currently investigating a shooting incident that occurred around 3:56 p.m. in Central El Paso, specifically at the intersection of Morehead and Alabama. A significant police presence has been established in the area, leading to the closure of several streets. One individual has been reported to be seriously injured as a result of the shooting. Authorities are actively gathering more information, and updates will be provided as the situation develops.

Crime
1 min read
KTSM•Feb 1

Shooting Incident Under Investigation in Central El Paso Neighborhood

El Paso Police are currently investigating a shooting that occurred on Sunday afternoon, February 1, in Central El Paso. The incident was reported shortly before 4 p.m. in the 2500 block of Morehead, prompting a significant police presence in the area. The details surrounding the shooting, including any potential victims or suspects, have not yet been disclosed. This event raises concerns about safety in the community and highlights the ongoing issues related to gun violence in the region.

Crime
1 min read
KTSM•Feb 1

Authorities Discover Potential Biological Lab During Las Vegas Home Search

On Saturday morning, Las Vegas police, in collaboration with the FBI, conducted a search at a residence on the east side of the city. During the operation, they uncovered what appeared to be a biological laboratory, which included refrigerators containing vials with unidentified liquids. This discovery raises significant public health and safety concerns, prompting further investigation into the nature of the substances found. Residents are urged to stay informed about any developments related to this incident.

Crime
1 min read