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Date: 01-18-2022
Case Style:
Case Number: 8:21-cr-00019-SCB-SPF
Judge: Susan C. Bucklew
Court: United States District Court for the Middle District of Florida (Hillsborough County)
Plaintiff's Attorney: United States Attorney’s Office
Defendant's Attorney:
Description: Orlando, Florida criminal defense attorney represented defendant charged with wire fraud.
Louis Thornton III (63, St. Petersburg) was indicted for fraudulently obtaining money through various Covid-19 relief programs, including the Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”) and the Economic Injury Disaster Loan (“EIDL”) program.
Thornton had pleaded guilty on September 13, 2021.
According to court documents, from April through July 2020, Thornton submitted fraudulent applications for EIDL and PPP loans through the SBA’s online EIDL portal on behalf of several defunct companies. Thornton’s applications fraudulently claimed, among other material misrepresentations, that these companies were operational and had suffered economic injury due to the Covid-19 pandemic.
Based on the false and fraudulent representations Thornton made, he obtained a total of $814,632.50 in EIDL and PPP loans to which he was not entitled. Thornton used the money obtained through the SBA’s EIDL and PPP programs to invest in stocks, futures, and commodities.
This case was investigated by Federal Bureau of Investigation. It was prosecuted by Assistant United States Attorney Rachel K. Jones.
Outcome: 01/14/2022 49 Minute Entry for in-person proceedings held before Judge Susan C. Bucklew: SENTENCING held on 1/14/2022 for Louis Thornton, III (1), Count 1, Imprisonment: 42 months; Supervised Release: 60 months; Restitution: $814,632.50; Fine: Waived; Special Assessment: $100.00. Court Reporter: Rebekah Lockwood (CAB) (Entered: 01/14/2022)
01/14/2022 50 JUDGMENT as to Louis Thornton, III (1), Count 1, Imprisonment: 42 months; Supervised Release: 60 months; Restitution: $814,632.50; Fine: Waived; Special Assessment: $100.00. Signed by Judge Susan C. Bucklew on 1/14/2022. (CAB) (Entered: 01/14/2022)
Plaintiff's Experts:
Defendant's Experts:
Comments: