By KC Reporter |
Mar 29, 2024
Tod Ray Keilholz, a Jefferson City, Mo. man, has pleaded guilty to a $12.4 million bank fraud scheme, including fraudulent Paycheck Protection Program (PPP) loans for four businesses. According to the news release, Keilholz admitted his guilt before U.S. Magistrate Judge Sarah W. Hays on Thursday, March 28.Keilholz was the sole owner of TRK Construction, LLC, TRK Valpo, LLC, TL Builders, LLC, and Project Design, LLC. He engaged in the bank fraud scheme from Jan. 1, 2018, to Jan. 7, 2021. The scheme involved obtaining PPP loans by making false claims and using the funds...