MINNEAPOLIS – A St. Paul man has pleaded guilty to fraud, money laundering, and aggravated identity theft in connection to a more than $840,000 covid-relief fraud scheme, announced Acting U.S. Attorney Charles J. Kovats.
According to court documents, Kyle William Brenizer, 33, was the owner and manager of True-Cut Construction LLC (“True-Cut”), a contracting and construction company located in Brooklyn Park. In August 2018, True-Cut and Brenizer were ordered by the Minnesota Department of Labor and Industry to cease and desist from doing business. In December 2019, True-Cut’s contractor license expired and was never renewed.
According to court documents, on May 1, 2020, Brenizer submitted a false and misleading Paycheck Protection Program (PPP) application in the name of True-Cut seeking approximately $841,000, but the application was denied. On May 12, 2020, Brenizer again submitted a false and misleading PPP application in the name of True-Cut seeking approximately $841,000 in PPP funds. This time, in order to conceal his role in submitting a fraudulent application , Brenizer submitted the application under the name of another individual whom Brenizer falsely claimed was the 90 percent owner of True-Cut. Brenizer further falsely stated that True-Cut’s average monthly payroll was $336,400 for approximately 30 employees. In support of both loan applications, Brenizer caused to be submitted to the lender fraudulent supporting documentation, such as falsified…
