Montana restaurant owner admits theft in COVID-19 relief loan program
A Shepherd restauranteur admitted to allegations Tuesday that he received a COVID-19 relief loan but used the funds to buy vintage automobiles.
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A Shepherd restauranteur admitted to allegations Tuesday that he received a COVID-19 relief loan but used the funds to buy vintage automobiles.
The owner of an eastern Montana restaurant has pleaded guilty to spending $75,000 from a federal COVID-19 relief loan to buy vintage automobiles, rather than as working capital for his business.
U.S. Attorney Leif M. Johnson said Michael Eugene Bolte of Shepherd, who owns the Feedlot Steakhouse, admitted he received approximately $75,000 in a COVID relief loan from the Small Business Administration for his business - but used the money to buy vintage automobiles as an investment.
A Shepherd man who owns the Feedlot Steakhouse in Shepherd admitted Tuesday that he received approximately $75,000 in a COVID-19 relief loan from the Small Business Administration for his business but used the money to buy vintage automobiles.
BILLINGS — The owner of the Feedlot Steakhouse in Shepherd admitted to allegations Tuesday that he received approximately $75,000 in a COVID relief loan from the Small Business Administration (SBA)