DENVER — A recently unsealed federal indictment describes a “scheme” in which two Colorado men allegedly conspired together to defraud the government out COVID relief dollars.
One of the men made trips to Black Hawk to withdraw some of the money, according to court records.
Russell Foreman and Chandler Simbeck are named in a 12-count indictment that includes charges of wire fraud.
The total amount of fraud exceeds $300,000, according to the indictment.
Foreman and Simbeck are accused of creating a business entity on paper and then submitting fraudulent applications to the government to receive COVID-19 funds that were supposed to help cover legit expenses like payroll.
The indictment indicates Foreman’s debit card was used to withdraw more than $20,000 in funds at two Black Hawk casinos.
Court records indicate Foreman was arrested in late May and is currently out on bond.
If convicted on the charges, the two men could face up to 20 years in prison.
This investigation was conducted by the IRS.
Read the full indictment here:
> Top stories from 9NEWS curated daily just for you! Sign up for the 9NEWSLETTER right now to get can’t-miss stories, Next and Broncos content, weather and more delivered right to your inbox.
MORE WAYS TO GET 9NEWS
Subscribe to our daily 9NEWSLETTER for top stories from 9NEWS curated daily just for you. Get content and information right now for can’t-miss stories, Next and Broncos content, weather and more delivered right to your inbox.
HOW TO ADD THE 9NEWS APP TO YOUR STREAMING DEVICE
ROKU: add the channel from the ROKU store or by searching for KUSA.
For both Apple TV and Fire TV, search for "9news" to find the free app to add to your account. Another option for Fire TV is to have the app delivered directly to your Fire TV through Amazon.
SUGGESTED VIDEOS: Investigations from 9Wants to Know