(HorizonPost.com) – During every election cycle in the United States, interested parties can set up political action committees (PACs) to collect donations from citizens and contribute the funds to a political party or candidate of their choice. Unfortunately, some people use this practice for their own gain. On December 6, a court sentenced James Kyle Bell to four years in prison for stealing over $346,000 with a phony PAC scam in 2020 and fraudulently collecting more than $1.1 million in Paycheck Protection Program (PPP) loans.
James Kyle Bell was sentenced to 46 months in prison
for scams involving election fundraising & COVID relief loans. He used web of fake PACs & sham companies to cheat donors & taxpayers. @USAO_DC https://t.co/73i9XBTDKw
— FBI Washington Field (@FBIWFO) December 6, 2021
The scam artist set up fake PACs organizations to allegedly support President Joe Biden and former President Donald Trump. Bell used the money he collected to line his pockets with donations from over 2,000 hard-working Americans trying to support the Democratic system. US Attorney for Washington, DC said Bell’s prosecution was the first in DC involving “scam political action committees.”
The Nevada man’s PPP scheme involved setting up different shell companies and listing dozens of made-up employees to collect free money from the Small Business Administration (SBA), thereby stealing from businesses that needed the COVID relief funds to stay afloat during the pandemic.
In addition to his prison sentence, the judge ordered Bell to pay back full restitution in the amount of about $1.4 million.
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