A California man was released on $100,000 bond Friday after he was charged with fraudulently obtaining more than $5 million in government-backedA Ferrari seized by the U.S. Attorney's Office in Los Angeles.Prosecutors said Mustafa Qadiri, 38, of Irvine used the money to buy three cars that cost six figures each: a 2011 Ferrari 458 Italia, a 2018 Lamborghini Aventador S, and a Bentley Continental GT.
He was charged in an indictment with four counts of bank fraud, four counts of wire fraud, one count of aggravated identity theft and six counts of money laundering. He was arrested Friday morning.Qadiri's lawyer did not immediately respond to a request for comment. Prosecutors said Qadiri listed one of four mortgage companies in multiple applications for PPP loans, and three banks awarded him a total of more than $5 million. The companies he listed do not exist now, prosecutors said.Qadari is also accused of using PPP money for"lavish vacations" and"the payment of personal expenses," according to a statement from the U.S. Attorney's Office in Los Angeles.
Prosecutors claim he falsified the number of employees at the companies, inflated bank balances and used another person's identity to obtain the loans. He obtained the money"for payroll and company expenses that did not exist," and the money was wired to accounts Qadari controlled, prosecutors said in the indictment.The Covid-19 relief program offered small businesses up to $10 million in forgivable loans for payroll and basic expenses.
Federal agents seized the cars and $2 million"in alleged ill-gotten gains from his bank account," the U.S. Attorney's Office said.
“But yer Honor my client was just doing his civic duty to stimulate the economy in these trying times!”
Send to jail for a very very very long time sell everything he bought and put it back in for the people who need it restaurants etc.
Really? fuckin mutt I haven't even recvd my 3rd EIP on SSDI too pos
Where do I sign up?
王八蛋又在後面亂哼叫 2021/5/7pm11:12 台灣不是中共的一部分！拒絕中共特洛伊植入台灣耍統戰霸凌！ 2021/5/9am10:33 王八蛋中共滯留台賤代輝！雜種！無恥！皮厚！低級！
fraud.. send him to prison
See previous news about people leaving California
Isn’t that Hunter Biden
Dems handing out free cash to everyone to bribe votes. They don't care who they give it to.
Boss move 😂
mtgreene donated $450,000 to her own campaign after receiving a six-figure Paycheck Protection Program loan from the government for her 'construction company'
Duh! It was probably too Damn easy to resist. No checks and balances, what the hell do we expect! People wake up! BOTH PARTIES r equally responsible for this! Gee why don't we trust politicians?
I thought they already got that guy.... 'Rapper Who Bragged about Unemployment Benefits Scam in Music Video Arrested for Allegedly Bilking COVID-19 Jobless Relief Program | USAO-CDCA | Department of Justice'
The IRS need to review rich people who apply for PPP
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