Pizza entrepreneur gets prison for fraud in loan program
September 14, 2021
Macomb Township, MI — A Detroit-area pizza entrepreneur has been sentenced to more than two years in prison. Mike Bischoff admits committing fraud while seeking more than $900,000 in government-backed loans during the coronavirus pandemic. Bischoff is the co-founder of Passport Pizza. Bischoff was accused of receiving $594,000 from lenders after giving false information about his payroll and the number of employees. Defense attorney James Thomas acknowledged that Bischoff “cheated” during a stressful period for his business and in his personal life. He says the money has been repaid.