Overview
- Ricky Lee Taylor, 36, pleaded guilty to one count each of wire fraud and tax fraud in U.S. District Court in Chattanooga.
- Judge issued a 30‑month prison term to be followed by three years of supervised release.
- The court ordered a $942,238.85 money judgment and $2,532,528.18 in restitution to the United States.
- Authorities say Taylor obtained roughly $1.8 million through eight fraudulent Paycheck Protection Program applications using multiple business entities.
- A former University of Tennessee at Chattanooga basketball player and local faith leader, Taylor submitted a letter to the judge acknowledging wrongdoing and expressing remorse.