On May 29, 2024, in the District of New Hampshire, David Dodge was sentenced to 34 months imprisonment, 3 years of supervised release, and ordered to pay $219,323.34 in restitution.  Dodge pled guilty to bank fraud for his role involving Paycheck Protection Program ("PPP") fraud.

Beginning in March 2020, Dodge used the identity of a minor child to apply for an Employer Identification Number (EIN) from the Internal Revenue Service (IRS). Dodge used that EIN in some of the fraudulent applications.  According to a Department of Justice press release dated February 21, 2024, Dodge claimed to own or control multiple businesses in New Hampshire and Massachusetts, but in reality, these companies had no operations and served no business purpose.  Dodge used fake supporting documents, including fraudulent tax documents and a doctored Limited Liability Company certificate to submit 30 fraudulent applications for PPP loans from private lenders, Economic Injury Disaster Loans from the Small Business Administration, and pandemic relief grants from the New Hampshire Governor’s Office for Emergency Relief and Recovery, and the Massachusetts Growth Capital Corporation.

Lenders detected most of the fraudulent applications. However, Dodge was able to obtain $219,323.34 out of the approximately $2.5 million he sought. Dodge used some of the fraudulently-obtained funds to purchase jewelry.

Source: The facts in this case narrative come from the following publicly available documents, D.N.H. Judgement dated May 29, 2024; D.N.H. Info., filed Jan. 30, 2024; DOJ press release dated Feb. 21, 2024; and DOJ press release dated May 29, 2024