MONTGOMERY, AL. — Kyle Nathan Carlisle, a 39-year-old man from Phenix City, has been sentenced to 92 months (nearly 8 years) in prison for wire fraud and money laundering related to fraudulent applications for Economic Injury Disaster Loans (EIDL), the U.S. Attorney’s Office for the Middle District of Alabama announced today.
Between July 2020 and April 2021, Carlisle applied for 23 EIDL loans, many of which were duplicate applications, in an attempt to obtain more than $3.47 million in funds. The U.S. Attorney’s Office reported that Carlisle successfully received $600,000 from four loan applications, which he used in his scheme.
Carlisle admitted in his plea agreement to misrepresenting crucial information in his applications, including inflating his business revenue and employee numbers. Additionally, he falsely claimed to have no felony convictions in the previous five years. However, court records revealed that Carlisle had two felony convictions from 2016 in Russell County, Alabama.
To further deceive authorities, Carlisle submitted forged documents, including fake or altered business licenses, as part of his fraudulent loan applications.
In addition to his 92-month prison sentence, Carlisle was ordered to pay $547,846.54 in restitution to the Small Business Administration (SBA) and forfeit the same amount to the U.S. government.
Acting U.S. Attorney Kevin Davidson stated, “Kyle Carlisle fabricated lies and forged documents in a scheme to divert taxpayer money for his own self-enrichment. My office remains committed to working with our law enforcement partners to aggressively pursue those who engage in activities that threaten the integrity of government programs.”