Latest news with #PlateauAngusFarms
Yahoo
01-04-2025
- Business
- Yahoo
Former Crossville woman sentenced in COVID relief funds fraud scheme
A former Crossville woman was sentenced to prison and to pay restitution in a scheme to obtain COVID-19 relief funds for a fictitious cattle farm while living in Cumberland County. Shelby Lynn Hill, 54, of Crystal Beach, TX, was sentenced earlier this week to one year and a day in prison for fraudulently obtaining and misusing Paycheck Protection Program loans guaranteed under the Coronavirus Aid, Relief, and Economic Security Act, announced Robert E. McGuire, Acting United States Attorney for the Middle District of Tennessee. Hill also was ordered to repay $264,645 in restitution and a forfeiture money judgment, and she will be on supervised release for one year after she serves her sentence. Hill pled guilty in June 2024 to one count of wire fraud. Hill obtained several fraudulent PPP loans while living in Crossville. According to court documents and evidence presented to the court, Hill fraudulently obtained a $220,645 PPP loan for a fictitious business, Plateau Angus Farms, in 2020. She claimed to be the owner and operator of a cattle farm in Crossville. Hill told the PPP lender that Plateau Angus Farms employed 14 people and that its monthly payroll expenses exceeded $88,000. Hill submitted fake documents, including Forms W-2 and Tennessee Secretary of State records, as proof of her business. Hill received a $42,700 PPP loan for a second fictitious company, Premium Persians of the Plateau. She also misused the PPP loan proceeds awarded to a third company, Shelby Lynn Hill, MD PLLC, using a portion of the PPP loan to begin installation of a personal swimming pool. Hill was employed as a health insurance broker at the time she applied for the PPP loans. Some of the individuals she listed as employees on the Plateau Angus Farms PPP loan application were potential health insurance customers. Hill admitted that she was not authorized to use their names or personal identifiers to obtain PPP loans. The Paycheck Protection Program was created under the CARES Act and was intended to incentivize small businesses to keep their employees on payroll during the COVID-19 pandemic. The PPP program was administered and guaranteed by the Small Business Association, a federal government entity. The Federal Bureau of Investigation, Cookeville Resident Agency, Nashville Field Office, investigated this case. Assistant U.S. Attorney Stephanie N. Toussaint prosecuted the case.
Yahoo
28-03-2025
- Yahoo
Texas woman sentenced for fraud after allegedly claiming to be owner and operator of Crossville cattle farm
CROSSVILLE, Tenn. (WKRN) — A Texas woman received a prison sentence after allegedly making fraudulent claims about being the owner and operator of a Crossville cattle farm, according to the U.S. Attorney's Office for the Middle District of Tennessee. Shelby Lynn Hill, 54, of Crystal Beach, Texas allegedly fraudulently obtained a $220,645 Paycheck Protection Program Loan for Plateau Angus Farms in 2020 — but the farm did not exist. Hill reportedly told the PPP lender the fictitious farm employed 14 people and had monthly payroll expenses exceeding $88,000. Additionally, she received another $42,700 loan for a second fake company: Premium Persians of the Plateau. The U.S. Attorney's Office said she also misused PPP loan proceeds awarded to a third company — Shelby Lynn Hill, MD PLLC — to begin installing a personal swimming pool. At the time she applied for the PPP loans, Hill was employed as a health insurance broker. Some of the people listed as employees with Plateau Angus Farms loan application were potential health insurance customers, the U.S. Attorney's Office added. Reportedly, Hill later admitted she was not authorized to use their names or personal identifiers to obtain PPP loans. ⏩ Hill pleaded guilty to one count of wire fraud in June 2024. In addition to a sentence of one year and one day in prison, the U.S. Attorney's Office said Hill was ordered to repay $246,645 in restitution and a forfeiture money judgment. She will be on supervised release for a year after serving her sentence. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
