STARKVILLE, Miss. (WTVA) - A federal grand jury indicted a Starkville man on wire fraud and money laundering charges.
FBI agents arrested Christopher Lick, 45, of Starkville, on Thursday.
According to court documents, he allegedly lied about his purported businesses' number of employees and payroll expenses to fraudulently obtain more than $6 million in federal COVID-19 Paycheck Protection Program (PPP) loans.
Lick allegedly used the money to purchase luxury items, including a home valued at more than $1 million and a Tesla car valued at nearly $100,000. He also allegedly used the funds to invest in the stock market.
Lick faces four counts of wire fraud, one count of false statements to a financial institution, and 11 counts of money laundering.
If convicted, he faces up to 30 years in prison.