Royse, Texas — Daisha Sanders, 33, a former resident of Blue Springs, Missouri, pleaded guilty today for her role in a conspiracy that resulted in fraudulent Paycheck Protection Program (PPP) loans totaling over $220,000. Sanders admitted to submitting false applications for PPP loans between February 2021 and July 2022, leading to loans being issued to ineligible borrowers, many of which were forgiven despite the funds being misused.
Sanders created fraudulent loan applications for herself and others in exchange for payments from the loan proceeds. The applications falsely claimed businesses existed before the pandemic or inflated revenues of legitimate companies from 2019. Sanders also fabricated bank records, IRS forms, and other financial documents to support the applications.
In total, Sanders was responsible for preparing 14 fraudulent loan applications, with the loans being funded and others rejected. She typically charged between $2,000 and $5,000 for each fraudulent application, earning at least $40,832 from the scheme.
As part of her plea agreement, Sanders has agreed to forfeit $40,832 to the government and pay restitution to the Small Business Administration (SBA), with the exact amount to be determined by the court. Sanders is the eighth defendant in the case to plead guilty, with each co-defendant admitting to submitting a PPP loan application for approximately $20,833.
