Scott Sundholm, of Old Saybrook, Connecticut, has been sentenced by U.S. District Judge Michael P. Shea in Hartford to two years of probation and a $5,000 fine for making false statements for the purpose of obtaining a Small Business Administration ("SBA") loan.
According to court documents and statements made in court, Sundholm owned and operated S&S Marine, LLC, a marina located in Old Saybrook. In 2016, Sundholm applied for and received a disaster loan from the SBA after claiming that Superstorm Sandy, which struck Connecticut in late October 2012, had caused a tidal surge at the marina and damaged floating boat docks, a boat ramp, a bath house, a metal shop building, and other structures. Sundholm also claimed that the bath house he replaced after Sandy was of the same size and quality as to what was in place prior to the storm.
The authorities said that an investigation revealed that certain claims made by Sundholm about damage that Sandy caused his marina were not true. The government asserted that Sundholm had demolished the marina's pre-existing bath house in September 2012, more than a month before Sandy, and the bath house was dilapidated and not similar in size and quality to the new bath house that Sundholm subsequently built. In addition, no floating boat docks or boat ramps existed at the marina prior to the hurricane.
Sundholm has paid full restitution of $1,653,257.10 to the SBA.


