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Montana restaurant owner admits theft in COVID-19 relief loan program

Montana restaurant owner admits using COVID relief money to buy vintage cars

Montana restaurant owner admits using COVID relief money to buy vintage cars
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Montana man pleads guilty to pandemic relief loan fraud

The owner of an eastern Montana restaurant has pleaded guilty to spending $75,000 from a federal COVID-19 relief loan to buy vintage automobiles, rather than as working capital for his business.

Montana restaurant owner admits using COVID relief money to buy vintage cars

U.S. Attorney Leif M. Johnson said Michael Eugene Bolte of Shepherd, who owns the Feedlot Steakhouse, admitted he received approximately $75,000 in a COVID relief loan from the Small Business Administration for his business - but used the money to buy vintage automobiles as an investment.

Montana man pleads guilty to pandemic relief loan fraud

Montana man pleads guilty to pandemic relief loan fraud
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