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唐朱昌
唐朱昌
教授,博士生导师。复旦大学中国反洗钱研究中心首任主任,复旦大学俄...
严立新
严立新
复旦大学国际金融学院教授,中国反洗钱研究中心执行主任,陆家嘴金...
陈浩然
陈浩然
复旦大学法学院教授、博士生导师;复旦大学国际刑法研究中心主任。...
何 萍
何 萍
华东政法大学刑法学教授,复旦大学中国反洗钱研究中心特聘研究员,荷...
李小杰
李小杰
安永金融服务风险管理、咨询总监,曾任蚂蚁金服反洗钱总监,复旦大学...
周锦贤
周锦贤
周锦贤先生,香港人,广州暨南大学法律学士,复旦大学中国反洗钱研究中...
童文俊
童文俊
高级经济师,复旦大学金融学博士,复旦大学经济学博士后。现供职于中...
汤 俊
汤 俊
武汉中南财经政法大学信息安全学院教授。长期专注于反洗钱/反恐...
李 刚
李 刚
生辰:1977.7.26 籍贯:辽宁抚顺 民族:汉 党派:九三学社 职称:教授 研究...
祝亚雄
祝亚雄
祝亚雄,1974年生,浙江衢州人。浙江师范大学经济与管理学院副教授,博...
顾卿华
顾卿华
复旦大学中国反洗钱研究中心特聘研究员;现任安永管理咨询服务合伙...
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上传时间: 2020-10-12      浏览次数:900次
Feds: Man stole $17M in COVID-19 relief, bought luxury cars, houses

 

https://www.fox6now.com/news/feds-man-stole-17m-in-covid-19-relief-bought-luxury-cars-houses

 

TEXAS - A Texas man has been accused of stealing $17 million in COVID-19 relief funds and spending the money on luxury cars and houses, the Justice Department said in a press release on Friday.

 

Dinesh Sah, 55, submitted fraudulent applications for roughly $24.8M in PPP loans, but ultimately received roughly $17.7M.

 

The money was part of the CARES Act, which is designed to provide emergency financial relief to Americans suffering from the economic effects of the coronavirus pandemic, including small businesses.

 

However, authorities say that Shah’s applications, filed under the names of businesses he allegedly owned or controlled, were made up and had no employees.

 

Shah took the money and spent it on multiple homes, luxury cars including a 2020 Bentley convertible, and sent millions in international transfers.

 

Today’s indictment shows Mr. Sah’s disgraceful display of greed.  Mr. Sah looked at the Paycheck Protection Program as his own personal piggy bank, treating himself to not only millions in cash, but several luxury vehicles and properties, all while legitimate small business owners in the United States desperately sought out ways to put food on their tables and to ensure their employees were paid,” said IRS Special Agent Tamera Cantu.

 

Sah has been charged with three counts of wire fraud, three counts of bank fraud, and one count of money laundering.

 

There have been multiple instances of people attempting to defraud the Paycheck Protection Program, including a Florida man who used the money to buy a Lamborghini, a Detroit man who used it to buy several cars, and North Carolina man who received over $1.7M in benefits for companies named after characters from the TV show “Game of Thrones.”