California Man Buys Ferrari, Bentley And Lamborghini From Govt s COVID Aid For Businesses indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
A man from California has been arrested after he received more than $5 million in Payment Protection Program loans during the coronavirus pandemic and purchased vehicles including a Ferrari 458 Italia, a Lamborghini Aventador S, and a Bentley Continental GT.
The U.S. attorney in the Central District of California announced this week that 38-year-old Mustafa Qadiri has been indicted by a federal grand jury on four counts of bank fraud, four counts of wire fraud, one count of aggravated identity theft, and six counts of money laundering.
The New York Times reports that Qadiri began to obtain federal loans in late May 2020 and by early June, he had netted nearly $5.1 million. It is alleged the 38-year-old submitted applications to three different banks for COVID-19 relief funds to help four companies based in California. However, prosecutors state that these companies were not in operation and believe Qadiri used someone else’s name, Social Security number and signature on the appli
May 10, 2021
A California man has been arrested on federal charges for fraudulently obtaining millions of dollars in COVID relief funds and using the money to buy expensive cars and vacations.
TeeRoy s 2 Cents:
What a lowlife. These scammers are taking money away from people and businesses who really need the money.
Did he really think he could buy all those cars during a pandemic and a financial crisis and no one would be suspicious?
It s incredible how many scammers have done similar things.
A California man has been arrested on federal charges for fraudulently obtaining millions of dollars in COVID relief funds and using the money to buy expensive cars and vacations.
May 10, 2021
A California man has been arrested on federal charges for fraudulently obtaining millions of dollars in COVID relief funds and using the money to buy expensive cars and vacations.
TeeRoy s 2 Cents:
What a lowlife. These scammers are taking money away from people and businesses who really need the money.
Did he really think he could buy all those cars during a pandemic and a financial crisis and no one would be suspicious?
It s incredible how many scammers have done similar things.
A California man has been arrested on federal charges for fraudulently obtaining millions of dollars in COVID relief funds and using the money to buy expensive cars and vacations.