The owner of a De Pere company is indicted on charges of misappropriating federal pandemic relief funds. According to court records, Chad Schampers filed for a $300,000 dollars in Paycheck Protection Program loans that were to be used to pay employees at Summit Contracting and to cover other business expenses–but instead used the money to purchase a new home. According to the Better Business Bureau, Summit had been listed as “closed” and “no longer in business” before the Small Business Administration approved the P-P-P loan. Schampers is charged with Wire Fraud and Money Laundering and faces up to 30-years in prison if convicted.
