United States Attorney's Office for the Northern District of Indiana
09/26/2025 | Press release | Archived content
Winfield Woman Ordered to Repay Funds from PPP Loan Fraud
SOUTH BEND - Jade Price, 29 years old, of Winfield, Indiana, was sentenced by United States District Court Judge Damon R. Leichty after pleading guilty to wire fraud, announced Acting United States Attorney M. Scott Proctor.
Price was sentenced to 12 months of probation and ordered to pay $80,355.18 in restitution to the Small Business Administration.
According to documents in the case, Price falsely claimed gross income for a business when she applied for four Paycheck Protection Program (PPP) loans. The PPP program provided loans to small businesses for job retention and other expenses as part the CARES Act and for emergency financial assistance to Americans suffering from the economic impact of the COVID-19 pandemic. As a result of her fraudulent representations, Price received PPP funds which she used for her own benefit on personal items.
This case was investigated by the Federal Bureau of Investigation. The case was prosecuted by Assistant United States Attorney Jerome W. McKeever.
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