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Press Release

Hudson Man Indicted For Defrauding U.S. Taxpayers

For Immediate Release
U.S. Attorney's Office, District of New Hampshire

CONCORD – A Hudson man was indicted in connection with his attempt to fraudulently obtain over $1 million in CARES Act funds from the United States government, U.S. Attorney Jane E. Young announces.

Matthew Dispensa, 57, was indicted on four counts of bank fraud, two counts of attempted wire fraud, and two counts of money laundering.  Dispensa was arrested this morning and released on conditions.

According to the charging documents, Dispensa owns and operates the Gateway Hills Heath Club in Nashua.  Although he only had one gym, he filed CARES Act loan applications for two different entities, Gateway Hills Health Club, Inc. (“Gateway Hills Inc.”) and Gateway Hills Health & Wellness, LLC (“Gateway Hills LLC”).  Between 2020 and 2022, Dispensa applied for four Paycheck Protection Program (PPP) loans and two Economic Injury Disaster Loans (EIDL) for Gateway Hills Inc. and Gateway Hills LLC.  He submitted the Gateway Hills Inc. PPP applications to Millyard Bank and the Gateway Hills LLC PPP applications to a separate bank, Primary Bank.  He provided the banks and the Small Business Administration (SBA) false documents, including fabricated tax documents, which inflated his purported companies’ size and payroll.  Because PPP and EIDL loan size was tied to payroll and the number of employees a company had, he was able to apply for and obtain larger loans than he was entitled to.  In total, he applied for $413,850 in PPP loans and $650,000 in EIDL funds.   

Dispensa also misused at least some of the loan proceeds.  For example, he obtained a $146,650 PPP loan for Gateway Hills Inc.  He wired $100,000 of the proceeds to a personal brokerage account to purchase stock, including Tesla stock.  Similarly, Dispensa obtained a $105,600 PPP loan for Gateway Hills LLC.  He transferred the proceeds to his own bank account first before moving $25,000 to a personal brokerage account to purchase 10,000 shares of Ashford Hospitality Trust, a real estate investment trust. 

The charge of bank fraud provides for a sentence of up to 30 years in prison and a fine of up to $1 million.  The charge of attempted wire fraud provides for a sentence of up to 20 years in prison and a fine of $250,000 or twice the gross gain or loss, whichever is greater.  The charge of money laundering provides for a sentence of up to 10 years in prison and a fine of twice the amount of the criminally derived property involved in the transaction.  Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

The Treasury Inspector General for Tax Administration and U.S. Postal Inspection Service led the investigation. Valuable assistance was provided by the Hudson Police Department. Assistant U.S. Attorney Alexander S. Chen is prosecuting the case.

The details contained in the charging documents are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

During the early part of the coronavirus pandemic, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act.  The CARES Act included multiple relief provisions to help the millions of Americans and many small businesses adversely affected by the pandemic, including the Paycheck Protection Program (PPP).  Private lenders could participate in the PPP.  The loans, which were supposed to be used for payroll, were fully guaranteed by the government.  If borrowers used the PPP loans for payroll and other approved expenses as intended, they could apply for loan forgiveness.  The CARES Act also opened up the Small Business Administration’s (SBA) Economic Injury Disaster Loan (EIDL) program.  As with PPP loans, EIDL loans were supposed to be used for payroll and other business expenses such as rent and mortgage.

On May 17, 2021, the Attorney General established the COVID-19 Fraud Enforcement Task Force to marshal the resources of the Department of Justice in partnership with agencies across government to enhance efforts to combat and prevent pandemic-related fraud. The Task Force bolsters efforts to investigate and prosecute the most culpable domestic and international criminal actors and assists agencies tasked with administering relief programs to prevent fraud by, among other methods, augmenting and incorporating existing coordination mechanisms, identifying resources and techniques to uncover fraudulent actors and their schemes, and sharing and harnessing information and insights gained from prior enforcement efforts. For more information on the Department’s response to the pandemic, please visit

Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline at 866-720-5721 or via the NCDF Web Complaint Form at:



Updated May 2, 2023

Financial Fraud
Press Release Number: 2023-068