A Skowhegan man pleaded guilty Tuesday in federal court to a bank fraud scheme tied to Paycheck Protection Program loans.According to court records, Nathan Reardon, 44, formerly of Brewer, owned and controlled Global Disruptive Technologies Inc., a Bangor-based business. In April 2020, Reardon obtained a $59,145 Paycheck Protection Program loan for Global Disruptive Technologies Inc. using false employee wage information and false supporting payroll documentation. Documents say Reardon then improperly spent the Paycheck Protection Program funds on items and expenses he knew were not covered by the program. After receiving the first loan, Reardon submitted additional fraudulent Paycheck Protection Program applications to the same bank in April and May 2020. Two of the applications were for companies that had no active business operations, employees or payroll. "We think this is a fair and just result that followed a significant thorough federal criminal investigation, and we look forward to Mr. Reardon being sentenced to an appropriate sentence," said Andrew Lizotte, Assistant U.S. Attorney for Maine. "Mr. Reardon was ready to accept responsibility for the mistakes he made and for the loan applications and hoping to put this behind him and get back to his family as soon as possible," said Reardon's attorney, Hunter Tzovarras.Under the Coronavirus Aid Relief and Economic Security (CARES) Act, businesses were required to use Paycheck Protection Program loan proceeds for payroll costs, interest on mortgages, rent and utilities. The Paycheck Protection Program allowed the interest and principal to be forgiven if businesses spent the proceeds on these expenses within a set period and used at least a certain percentage of the funds for payroll expenses.Reardon was indicted by a federal grand jury in Bangor on May 13, 2021. He faces up to 30 years in prison and a $1,000,000 fine. He also faces up to five years of supervised release. Reardon will be sentenced at a later date.WMTW has also reported on a history of wage violations involving Reardon. Two businesses that he ran were cited for 698 wage violations over the last two years by the Maine Department of Labor.