Former Olympian who received millions in PPP loans charged with Utah financial crimes

Former Olympian Allison Baver was charged on several counts related to a $ 10 million PPP loan she received in 2020. (KSL-TV)

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SALT LAKE CITY – A former Olympic speed skater and current Utah resident is charged with lying to a bank about millions of CARES Act funding for her entertainment business.

On Wednesday, a federal grand jury indicted in Utah District Court Allison Baver on nine counts, consisting of one money laundering case and eight misrepresentation against a bank, according to court records.

Loading documents allege Baver misrepresented two banks when applying for the U.S. Small Business Administration’s paycheck protection program in 2020. The program was part of the CARES Act, which provided temporary financial relief during the COVID-19 outbreak.

In April 2020, Baver applied for a PPP loan from two banks: Northeast Bank, based in Portland, Maine, and Meridian Bank, based in Paoli, Pennsylvania. The PPP inquiries said Baver’s company, Allison Baver Entertainment, had an average monthly payroll of over $ 4 million. She also claimed her company had over 100 employees. Those numbers would vary in what they said to the two banks, as the largest PPP request said the company had an average monthly salary of $ 4,770,583 and 430 employees.

However, federal law enforcement agencies alleged that the company actually had no monthly payroll and no employees. There are eight statements on the loading documents at the two banks, which form the basis for most of their fees.

In May 2020, Meridian Bank funded the company’s $ 10 million PPP loan. The accounting records state that except for $ 500, the loan amount was transferred from one ABE bank to another at the same bank.

The loan was one of the largest PPP amounts paid out to any Utah company, as only four other companies in the state received the same amount. according to PPP loan data.

On July 23, 2020, Baver reportedly transferred $ 150,000 in PPP loan funds to another company “for the purpose of investing in a film called” No Man of God “”. This transfer is the basis for the money laundering fee.

According to IMDB, “No Man of God” was a film released earlier this year about the years leading up to the notorious serial killer Ted Bundy. Baver is listed as a role in the film.

The indictment includes a notice that federal officials seek to confiscate Baver over $ 9.5 million and an additional amount of property that cannot be recovered from Baver. Federal officials also want to recoup the $ 150,000 investment in the movie “No Man of God”.

Court records show Baver was issued a subpoena on Wednesday. She is scheduled to appear for a first appearance by video call on January 18, 2022 in front of the judge Cecilia Romero. Baver does not have a lawyer listed on the court records.

On Wednesday, the business license for Baver’s company was listed as expired with the Utah Division of Corporations and Commercial Code.

Baver’s large loan amount has been scrutinized by the Utah media Article from the Salt Lake Tribune on July 14, 2020questioned the company. The Tribune described how Baver’s company was formed last October before it claimed it had 430 employees.

Baver, quoted in the article, later filed a lawsuit against the newspaper in July 2021 alleging the Tribune article was defamatory and seeking damages in excess of $ 300,000. Two months later, Baver’s attorneys filed a motion to resign as their attorney, and the lawsuit has no further filings or hearings as of Wednesday.

According to the Team USA website, Baver competed in short track speed skating and won a bronze medal in the women’s 3,000 meter relay at the 2010 Winter Olympics.

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Natalee Broderick

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