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DALLAS – A Plano dentist is heading to federal prison for using $1.89 million in COVID-19 relief loans on personal expenses.
The United States Attorney’s Office said Brian Bui pleaded guilty Monday to wire fraud.
The 43-year-old admitted to using his dentist business to get two Paycheck Protection Program loans.
According to court documents, he lied about his number of employees and monthly payroll expenses. I also fabricated documents for the application.
Bui then used the $1.89 million in forgivable loans on non-business expenses and personal investments, the US Attorney’s Office said.
A judge sentenced Bui to 18 months in prison.
He will also have to pay nearly $1.5 million in restitution.