Jefferson City businessman charged with bank fraud stole more than 100 Social Security numbers, prosecutors say

A Jefferson City businessman indicted by a federal grand jury for a $27 million bank fraud scheme is being described by federal prosecutors as a “convicted fraudster.”

Prosecutors use the term in a court motion asking that 59-year-old Tod Ray Keilholz be held without bond until trial. The U.S. Attorney’s Office said Keilholz also allegedly stole the Social Security numbers of 104 people to help with his fraud scheme. 939, Eagle News reviewed court documents and the prosecutor’s bail motion, and it’s unclear if any of the 104 people are from central Missouri. Those details probably won’t come out until a trial. He is also charged with four counts of making false statements to the Small Business Administration (SBA).

FBI agents arrested Keilholz without incident at his home in Jefferson City on Thursday.

The alleged scheme involved $12 million in Paycheck Protection Plan loans. Mr. Keilholz is charged in a 52-count federal indictment and will remain in federal custody until Tuesday’s detention hearing.

Federal prosecutors describe Keilholz as a serious flight risk. They ask the judge to order that Keilholz be jailed without bond until trial. They say he had a significant criminal history involving fraud, forgery, robbery and bad checks. Prosecutors also failed to appear in court on several occasions.

Due to his criminal record, if convicted on all counts, Keilholz faces a prison term of 23 to 29 years.

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