A woman from Elizabethtown was sentenced this week to a term in federal prison.
The Department of Justice says Kelly Woods will serve two years and nine months for charges related to her submission of three fraudulent CARES Act applications.
The United States Attorney’s Office for the Western District of Kentucky says that court documents show Woods filed three fraudulent applications for Paycheck Protection Program loans between May of 2020 and December of 2021, which resulted in the theft of more than $1.3 million.
An investigation by the FDIC’s Office of the Inspector General and the FBI showed that Woods organized LB Acquisitions LLC after the onset of the pandemic, and exaggerated the number of employees and payroll expenses of that entity and Philips Healthcare LLC.
Following her release from prison, Woods will serve three years on supervised release. She was also ordered to pay more than $1.3 million in restitution and a $15,000 fine.
