A federal grand jury in Wichita indicted a Kansas man for alleged crimes related to the CARES Act; the federal law that provides financial relief to businesses suffering economic losses because of the COVID-19 pandemic.
Under the CARES Act, the Small Business Administration is authorized to grant businesses forgivable loans for payroll, utilities, rent, and other expenses through the Paycheck Protection Program.
According to court documents, 58 year old Timothy Dale Warren, of Haysville is charged with four counts of bank fraud, two counts of money laundering, and four counts of false statements. Warren, a chiropractor, is accused as owner of Titan Medical Center LLC of fraudulently obtaining PPP loans totaling approximately $145,800 from two banks then allegedly using a third bank to conceal the proceeds.
The U.S. Department of Defense- Defense Criminal Investigative Service and Defense Contract Audit Agency, the U.S. Department of Health and Human Services – Office of Inspector General, and the U.S. Department of the Treasury – Internal Revenue Service, Criminal Investigations are investigating the case.
