Page 28 - Payment Protection Program News Today

Allegedly Fake Companies Allegedly Bought Some Very Real, Very Fast Rides Mustafa Qadiri (allegedly) knows what we’re talking about. Author: Mustafa Qadiri (allegedly) knows what we’re talking about. The investigation, led by the Justice Departments civil division, is examining whether Kabbage and other fintech companies miscalculated how much aid borrowers were entitled to from the Paycheck Protection Program (PPP) due to confusion over how to account for payroll taxes, the three peo...

Santa Ana, California – An Orange County man was arrested today on federal charges alleging he fraudulently obtained approximately $5 million in Payment Protection Program (PPP) loans for his sham businesses, then used the money on himself, including purchasing Ferrari, Bentley and Lamborghini sports cars. Mustafa Qadiri, of Irvine, was named in a federal grand jury indictment returned Wednesday charging him with four counts of bank fraud, four counts of wire fraud, one count of aggravated id...

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. TeeRoys 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? Its incredible how many scammers have done similar things. A...

(SUV) Not too long ago, we learned of Pastor Rudolph Brooks Jr., a pious man of the cloth who also ran an imaginary car dealership along with several other paper businesses. He used those fictional business entities to apply for millions of dollars in loans from the CARES Act via the Paycheck Protection Program. He then promptly spent the money on a fleet of expensive cars including a Mercedes Benz S Class, two Infinity Q50s, a Cadillac Escalade, and a Bentley Continental. Pastor Brooks is very...

California man fraudulently got $5M in COVID-19 relief money to buy a Ferrari, Bentley and Lamborghini, authorities say Jordan Mendoza, USA TODAY © HECTOR RETAMAL, AFP via Getty Images A worker dusts a Lamborghini Huracan STO car during the 19th Shanghai International Automobile Industry Exhibition in Shanghai on April 21, 2021. A Southern California man was arrested on federal charges Friday after federal authorities say he fraudulently obtained millions of dollars in coro...

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. TeeRoys 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? Its incredible how many scammers have done similar things. A...

Part 1: Matt Ginn, executive chef of Evo Kitchen + Bar It was a Monday when Evo decided to close its doors—March 16, 2020, the day before St. Patrick’s Day. At the time, Maine had eight confirmed cases of COVID-19.  In an attempt to curb gatherings, the city of Portland had just announced a mandated curfew for businesses ahead of the holiday. It feels like a lifetime ago, but it’s a day chef Matt Ginn, his staff, and countless others remember.  Credit: Gabrielle Mannino Evo Kitchen + B...

California man charged with using $5M in COVID loans to buy Ferrari, Bentley and Lamborghini Published  SANTA ANA, Calif. - Southern California man has pleaded not guilty to charges he obtained $5 million in federal coronavirus-relief loans for phony businesses and then used the money for lavish vacations and to buy a Ferrari, Bentley and Lamborghini, prosecutors said Monday. An Orange County man was arrested May 7, 2021, on federal charges alleging he fraudulently obtained approximately $5 mi...

California man fraudulently got $5M in COVID-19 relief money to buy a Ferrari, Bentley and Lamborghini, authorities say Jordan Mendoza, USA TODAY © HECTOR RETAMAL, AFP via Getty Images A worker dusts a Lamborghini Huracan STO car during the 19th Shanghai International Automobile Industry Exhibition in Shanghai on April 21, 2021. A Southern California man was arrested on federal charges Friday after federal authorities say he fraudulently obtained millions of dollars in coro...

Check out the luxury cars $5 million in fraudulent PPP loans paid for, DOJ alleges Federal prosecutors say Mustafa Qadiri fraudulently obtained $5 million in COVID relief funds and spent it on himself, including buying three supercars. Author: Travis Pittman, Associated Press Published: 9:18 PM EDT May 7, 2021 Updated: 9:32 PM EDT May 7, 2021 A California man is accused by federal prosecutors of fraudulently getting $5 million in COVID-19 relief P...