PLANO (CBSNewsTexas.com) – A Plano dentist who pleaded guilty to wire fraud in connection with COVID-19 relief funds, has been sentenced to 18 months in federal prison and ordered to pay back $1.49 million in restitution.
According to court documents, Brian Bui obtained at least two Paycheck Protection Program loans for his dentistry business by submitting a falsified application. He fabricated supporting documentation on the applications and lied about his number of employees and monthly payroll expenses.
The Paycheck Protection Program was a pandemic-era program that offered small business loans as part of the federal coronavirus rescue plan. As a result of his application, Bui received $1.89 million in forgivable loans and he used that money in ways not authorized by the program.
Thanks for reading CBS NEWS.
Create your free account or log in
for more features.