Elizabethtown Woman Pleads Guilty In Fraud of $1.3 Million In Payroll Protection Programs Funds

An Elizabethtown woman pled guilty to fraud charges in federal court on Monday. Kelly Woods, 43 of Elizabethtown, admitted to filing three fraudulent applications for Paycheck Protection Program Loans that resulted in over $1.3 million between May 2020 and March 31 2021. Woods exaggerated the number of employees and payroll expenses for two entities in the applications. The loan program was designed as an incentive to help small businesses to keep their workers on payroll. Woods is scheduled to be sentenced on June 22, 2023 and will forfeit certain real property and a vehicle as part of the plea agreement.