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$3M PPP loans could get Texas man 20 years in fed prison Eastern District of Texas A Texas man pleaded guilty this week to filing fraudulent loan applications seeking more than $3 million in forgivable Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. According to court documents, Fahad Shah, 44, admitted that he sought over $3 million in PPP loans from two different SBA-approved lenders. In the first application submitted to one lender, Shah sought over $1.7 million in PPP loan...

Dietary Supplement Executive Sentenced For Fraudulent Sales A dietary supplement executive has been sentenced to prison in a Texas federal court for his role in fraudulently seeing popular workout supplements, according to the U.S. Department of Justice. Former S.K. Laboratories Vice President Sitesh Patel of Irvine, California, was sentenced to 41 months imprisonment and one year of supervised release by U.S. District Juge Sam A. Lindsay. According to documents that were filed intros case, Patel “Patel played a key role in developing and manufacturing the popular workout and weight loss su...

Saturday, February 20, 2021 On February 19, 2021, the U.S. Department of Justice announced that a federal court in Texas sentenced a former dietary supplement company executive to prison for his role in fraudulently selling popular workout supplements. A U.S. District Judge sentenced the former corporate vice president to 41 months’ imprisonment and one year of supervised release.  The court previously ordered the individual’s former company to forfeit $6 million in connection with the case. According to documents filed in the case, the individual played a key role in developin...

Dietary Supplement Executive Sentenced in Scheme to Fraudulently Sell Popular Dietary Supplements Details Written by Justice Department Dallas, Texas - A federal court in Texas sentenced a former dietary supplement company executive to prison for his role in fraudulently selling popular workout supplements, the Justice Department announced Friday. On February 19, 2021, U.S. District Judge Sam A. Lindsay sentenced former S.K. Laboratories Vice President Sitesh Patel, 37, of Irvine, California, to 41 months’ imprisonment and one year of supervised release. The cour...