One Minnesota man is in federal trouble after applying for loans under a business that has been closed since 2018.

Kyle Brenizer, 32, of St. Paul has been charged with fraud as he obtained $841,000 in Coronavirus Relief Loans for a business that has been non operational for the last two years. According to the U.S. Attorney's Office of Minnesota, Brenizer and his company, True-Cut Construction LLC, were ordered a cease and desist order from doing any business in August of 2018.

According to the report, Brenizer allegedly made "false and misleading PPP application" on behalf of his defunct business True-Cut, on May 1st which was initially denied. Brenizer then reapplied again on May 12th, under a fake alias that Brenizer claimed to be a "90% owner" which was then approved for $841,000 in PPP funds. He also falsely claimed the average monthly payroll for his "30 employees" were $336,400, submitted falsified bank and IRS documents, and lied about having no criminal charges despite having multiple felony charges stemming from check forgery, identity theft, and theft by swindle.

Once payment was acquired, Brenizer transferred $650,000 to a bank not related to the business and used $30,000 on personal uses to purchases on a new Harley Davidson and Golf products. Brenizer has been charged with two counts of wire fraud and two counts of money laundering.

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