Restaurateur Pleads Guilty to Pandemic Fraud
Denver News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Jared Leonard, a restaurateur from Evergreen, pleaded guilty to wire fraud and tax evasion, admitting to scamming $2.3 million in federal aid and evading $434,000 in taxes. He faces 37-46 months in prison and must repay $2.7 million. Leonard faked employee numbers and revenue on loan applications, receiving funds for his restaurants, including AJs Pit Bar-B-Q and Campfire Concepts. His restaurant empire collapsed, and he bought a home with the funds, which was later sold. Prosecutors dropped money laundering and bank fraud charges in exchange for his pleas, but he remains in custody until sentencing in June. The case highlights pandemic relief abuse, leaving taxpayers to cover the costs while small businesses suffered.
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