Missouri City resident admits to profiting $1.65 million from fraudulent pandemic loan applications

US Department of Justice, Southern District of Texas, July 21, 2025

HOUSTON – A 42-year-old man has pleaded guilty to a wire fraud conspiracy involving the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) program, announced U.S. Attorney Nicholas J. Ganjei.

Shawn Nicholas Young applied for PPP and EIDL loans on behalf of his own businesses as well as businesses belonging to others. The Small Business Administration (SBA) administered the loan programs he targeted, which were intended to help existing small businesses survive the COVID-19 pandemic.

To qualify for funding, Young misrepresented key information about the businesses. He supported the false statements with fake tax returns and backdated documents.

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