Here is the exact quote from the transcript. Sounds a little different than what you are saying. I will also add when someone says "We believe", to me that means they do not have any factual evidence at that time, just a hunch or an assumption.
"Your Honor, the government is also investigating the
receipt of about $450,000 in SBA EIDL loans, the economic
impact disaster loans, through various companies that Mr.
Svorai controls and that are companies or variations of the
names of companies that are listed in the underlying indictment
that's charged in the Northern District of Ohio. We believe he
used those funds to further this scheme and to live on those
funds".
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