California man charged with using COVID loans to buy Ferrari

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A California man has pleaded not guilty to fraudulently obtaining $5 million in federal coronavirus-relief loans which he used to buy a Ferrari and take lavish vacations. Mustafa Qadiri was arrested last week.

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This photo provided by U.S. Immigration and Customs Enforcement shows special agents with HSI Los Angeles's El Camino Real Financial Crimes Task Force seize a Lamborghini from an Orange County businessman on Thursday, April 6, 2021, in Irvine, Calif.

Mustafa Qadiri, 38, was arrested last week on suspicion of scheming to defraud the Paycheck Protection Program, which was implemented last year to help small businesses struggling during the COVID-19 pandemic. Qadiri also used someone else’s name, Social Security number and signature to fraudulently apply for one of the loans, prosecutors said.

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Ok, so that’s technically wrong but, c’mon, it’s a Ferrari.

I've seen a lot of expensive new cars in my neighborhood since the pandemic. No lie! Mostly business people and private doctors doing the buying. Coincidence? Me thinks not.

If you ain’t first, you’re last!

The feds are not playing with this money honey. If they show up at your front door you are going to jail.periodt.

Lol 😂

Now do Tom Brady and Kanye.

In fairness to Ferraris, that's a Lamborghini. You can tell by the vulgar lines and clear lack of conscience.

🤨

Why is it that new outlets only release the names when it’s a person of color? Instead of a John Smith, I only ever see the name in the blurb/headline when it’s a POC?

Meanwhile, my Grandpa who is a vet is getting $600 a month in social security and has to argue on the phone 10 hours a week for his disability checks to come in. America!

so now he’ll be making license plates for those cars ppploans

GymJordanIsUseless The Epoch Times a small New York-based nonprofit news outlet has spent more than $1.5 million on about 11,000 pro-Trump advertisements in the last six months, according to data from advertising archive — more than any platform outside of the Trump campaign.

but a minimum wage worker who wants $15 an hour is 'greedy' and a 'thief.' Great. Ok. Got it. 🙄

DadChallengePod looks like they are starting to crack down on ppp loans! Vloggers next? 🤞

Freeloaders America invited

الحرب_على_إسرائيل تحرير_فلسطين The_war_against_Israel The_liberation_of_Palestine

Damn crook!!!!!

Who could have imagined this would happen when you give away free money without any control over who gets it. The Lakers, Shake Shack, and AutoNation got money from a program meant to help small businesses.

Prosecutors said Qadiri submitted fraudulent loan applications to three banks on behalf of four companies that didn’t actually exist. The applications included altered bank records, fake tax returns and false information about employees, according to the indictment. 1/2

Mustafa Qadiri, 38, was arrested last week on suspicion of scheming to defraud the Paycheck Protection Program, which was implemented last year to help small businesses struggling during the COVID19 pandemic.

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