Hull man admits to submitting bogus payroll records to get coronavirus loans covering time when he was in prison for violating parole on a stock-fraud conviction

Shane Spierdowis, 31, pleaded guilty to one count of wire fraud yesterday in connection with more than $190,000 in loans he got last year to help retain the employees he claimed he had for a company that turned out not to exist, over a period of time in which he was locked up for violating parole on an earlier securities-fraud conviction.

Spierdowis will be sentenced on Feb. 24, the US Attorney's office in Boston reports.

According to the US Attorney's office, Spierdowis got the loans - which could be converted into grants - from both and SBA fund and the Paycheck Protection Program, by providing payroll records covering part of 2019 when he "was in federal custody after violating his probation arising from a conviction for conspiracy to commit securities fraud" in Florida. Spierdowis had initially been sentenced to probation in 2018 for a stock pump-and-dump scheme, but was sent to prison for repeated parole violations, according to an affidavit by a Secret Service agent on the case.

Also, he used fraudulent social-security numbers and filed a bogus bank statement, the feds say.

He now faces up to 20 years in prison.