9Wants to Know extracted huge quantities of Colorado-based PPP information from SBA databases that present what companies acquired loans, the quantities and dates of approval. The databases are public report.
Inside that extracted information, a sample emerged exhibiting 33 enterprise entities tied to a single Denver workplace suite at 9101 E. Kenyon Ave., Suite 3600.
A kind of entities is Okay-9 Star Academy, a canine coaching enterprise that dissolved in 2001 in response to information from the Colorado Secretary of State’s Workplace.
“Till you reached out to me, I had no clue that was even happening,” mentioned Cyle Chapman, who ran and finally closed Okay-9 Star Academy.
Paperwork present Gregory J. Folks revived Chapman’s outdated enterprise on paper by the Colorado Secretary of State’s Workplace in July of 2020 and altered the title to Star Energy Methods. Eleven days later the entity was permitted for a $74,375 mortgage, in response to the SBA information.
“I hope whoever did that, will get caught,” Chapman mentioned.
A defunct bronze casting firm referred to as All Star Casts additionally acquired a $74,375 PPP mortgage 9 days after Gregory J. Folks revived the enterprise on paper and altered the title to Colorado Hardscape Methods.
“I simply want individuals would use their intelligence for the nice of mankind as an alternative of simply making an attempt to tear individuals off,” mentioned Chris Tucker, the proprietor of All Star Casts.
Neither Chapman nor Tucker acknowledged the title Gregory J. Folks.
In all, 9Wants to Know traced 33 non-existent entities tied to 9101 E. Kenyon Ave., Suite 3600, with every enterprise using three individuals, in response to SBA information.
The sum of money that was permitted for all the companies totals $2,359,995.
“It appears typical of what I’ve seen earlier than when corporations have been being open for no obvious, genuine, authentic purpose,” Henderson mentioned of the findings.“The people who find themselves committing fraud, they’re forward of the sport on regulation enforcement.”