Hull Man Pleads Guilty to Fraud Charge Arising from Fraudulent CARES Act Small Business Loans

BOSTON – A Hull man pleaded guilty today in federal court in Boston in connection with submitting fraudulent documentation in order to receive CARES Act small business loans.   Shane Spierdowis, 31, pleaded guilty to one count of wire fraud. U.S. District Court Judge Richard G. Stearns scheduled sentencing for Feb. 24, 2022. Spierdowis was indicted on March 30, 2021. Spierdowis used false Social Security numbers and fraudulent documentation to apply for federally funded Small Business Administration (SBA) loans issued in connection with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Spierdowis obtained an SBA Paycheck Protection Program