Hull Man convicted of fraudulently submitting small business loans under CARES Act | USAO-MA


BOSTON – A Hull man was convicted today in federal court in Boston of submitting fraudulent documentation to receive CARES Act small business loans.

Shane Spierdowis, 31, was sentenced by US District Court Judge Richard G. Stearns to two years in prison and two years on probation. On October 21, 2021, Spierdowis pleaded guilty to one count of wire fraud.

Spierdowis used multiple front companies and falsified bank records to fraudulently apply for and obtain a federally funded Small Business Administration (SBA) Paycheck Protection Program (PPP) loan and economic disaster loan (EIDL) of the SBA. Spierdowis used social security numbers different from his own and fraudulent documents to open bank accounts for his front companies. He also provided a fraudulent corporate bank statement showing a balance over $220,000, but dated before the relevant bank account was opened.

As a result, Spierdowis secured a $101,517 SBA Paycheck Protection Program loan for one of his front companies, the funds from which were wired to a Massachusetts bank. Spierdowis also obtained an SBA EIDL in the amount of $89,900 using a separate shell company.

Additionally, in regards to the two loans, Spierdowis submitted fraudulent federal tax forms for the two shell companies that included his signature, as alleged president of each company, and the alleged payment of hundreds of thousands of dollars in salaries. to alleged employees during each quarter of 2019. In reality, however, for part of the first quarter of 2019 and all of the second through fourth quarters of 2019, Spierdowis was in federal custody after violating his probation as a result of a federal conviction for conspiracy to commit securities fraud.

United States Attorney Rachael S. Rollins and Frederick J. Regan, Special Agent in Charge, United States Secret Service, Boston Field Office, made the announcement. The Hull Police Department provided invaluable assistance to the investigation. Assistant U.S. Attorney William Abely, head of Rollins’ criminal division, prosecuted the case.

On May 17, 2021, the Attorney General established the COVID-19 Fraud Enforcement Task Force to mobilize Department of Justice resources in partnership with government agencies to scale up enforcement and prevention efforts. pandemic-related fraud. The task force strengthens efforts to investigate and prosecute the most culpable domestic and international criminal actors and assists agencies administering relief programs to prevent fraud, among other methods, by increasing and integrating coordination mechanisms existing ones, identifying resources and techniques to uncover fraudulent actors and their agendas, and sharing and leveraging information and knowledge gained from previous enforcement efforts. For more information about the Department’s response to the pandemic, please visit

Anyone with information about alleged attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) hotline at 866-720-5721 or via NCDF’s online complaint form at: https://www.


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