Acting United States Attorney Ellison C. Travis said Oscar Hills IV, 53, lied on applications for pandemic relief programs, claiming his businesses, called Bootstate Financial Group, had dozens of employees and high expenses. He also applied under the name of a nonprofit called Baton Rouge Teen Summit.
He received $835,00 in loans and spent the money on personal expenses, including $75,500 for a Dodge Viper and $23,272 to pay off years’ worth of unpaid property taxes.
Hills was previously convicted of wire fraud in 2010 and served prison time, according to Travis.
With this new conviction, according to Travis, Hills could be ordered to serve up to 30 years in prison, pay a fine of up to $1 million and supervised release per wire fraud count. For money laundering counts, he could face up to 10 years in prison and be ordered to pay a $250,000 fine and supervised release.
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