Yahoo Autos Steakhouse Owner Busted For Classic Car COVID Fraud
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We’ve seen this before and we’ll probably see this again…
The owner of a steakhouse in Shepherd, Montana has been caught using about $75,000 in COVID Small Business Administration (SBA) relief funds which were supposed to be for his business to instead buy classic cars. Michael Eugene Bolte, owner of the Feedlot Steakhouse, pleaded guilty to the theft of government money, property, or records, which is a misdemeanor charge.
Learn which global automaker has busted the car chip shortage before the others here.
Bolte used the government funds to purchase a 1916 Studebaker, a 1929 Franklin, a 1939 Ford Deluxe, and a 1941 Ford Super Deluxe. While what he did was wrong, the man did select some pretty nice classic cars, just he won’t get to keep them.
