Federal records show that in March 2021, five months after it closed, Sarto’s received a $243,297 loan through the Paycheck Protection Program — money that was supposed to be used to keep workers employed. The loan has not been repaid.
A former restaurant owner in Jefferson Park has been accused by his one-time landlord of defrauding the federal government out of $243,000 in pandemic aid.
The address that Sarto’s listed on its PPP loan application, 1766 W. 46th Ave., is a post office in Sunnyside. “Between March 2020 through its voluntary dissolution in February 2023, Swallow kept Sarto’s alive for the sole purpose of defrauding creditors, by creating the appearance that funds were being used for a business purpose but were being used to pay personal expenses,” the landlord alleged in a Denver District Court lawsuit on June 8.“It was, I would say, pivoting to see if there was something else it could do other than operate a brick-and-mortar restaurant.
“Just because the restaurant was closed does not mean that the business was not operating. “They were also defending against a lawsuit by the landlord at the time, so they had to continue in existence, if for no other purpose than to defend against the lawsuit.”
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