The updated federal indictment handed up this week adds wire fraud charges, more serious offenses that carry stiffer penalties. But they do not change theDanny Lee Beard Jr. formed HADDCO in 2011. According to the indictment, he applied for and received a pair of $74,207 loans under the Paycheck Protection Program, created by Congress in 2020 to help businesses continue to pay their employees during the COVID-19 pandemic.
Knizley said the government forgave the first loan in accordance with the Coronavirus, Aid, Relief, and Economic Security Act. He said his client is paying back the second loan. He said Beard mixed the COVID funds with other money.
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