Oregon Man Forced To Give Up Nearly 16,000 Tesla Shares After Stealing COVID-19 Relief Funds

Oregon Man Forced To Give Up Nearly 16,000 Tesla Shares After Stealing COVID-19 Relief Funds


A man in Oregon has been sentenced to prison for fraudulently taking pandemic small business relief funds and has been told to return over $18 million in Tesla stock and other properties.

According to the District of Oregon attorney’s office, 51-year-old Andrew Aaron Lloyd was directed to give up nearly 16,000 Tesla shares, 25 properties, and pay about $4 million in restitution for stealing funds meant for COVID-19 small business relief. The Eugene, Oregon, man was also sentenced to four years in prison. 

Lloyd’s scheme involved using the business names and personal identifications of family and other associates to apply for funds through the CARES Act, according to authorities. 

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“Lloyd submitted false documentation to justify the loan amounts requested, including IRS forms listing the 2019 wages purportedly paid

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