Youssef Al Feel, along with his brothers and cousins, managed to break the windows and enter flooded houses — moving people to safety for an entire day
A Southern California man has pleaded not guilty to charges he obtained $5 million (Dh18.3 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 on Monday.
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, of Irvine, pleaded not guilty Friday to multiple charges including bank fraud, wire fraud, aggravated identity theft, and money laundering, according to the US Attorney’s Office. Qadiri’s attorney, Bilal A. Essayli, declined further comment Monday.
Prosecutors said Qadiri submitted fraudulent PPP 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.
Qadiri also used someone else’s name, Social Security number and signature to fraudulently apply for one of the loans, prosecutors said.
He received $5 million in loans that investigators said he used to pay for trips, sports cars and personal expenses.
Federal agents have seized the Ferrari, Bentley and Lamborghini cars that Qadiri purchased, along with about $2 million from his bank accounts, prosecutors said.
US District Judge Josephine L. Staton scheduled a jury trial for June 29. Qadiri was released on $100,000 bond.
Youssef Al Feel, along with his brothers and cousins, managed to break the windows and enter flooded houses — moving people to safety for an entire day
Guardiola's team will be crowned champions for an unprecedented fourth successive season if they win their last five matches
A qualified engineer, CP Rizwan is a technically correct batsman who can also take wickets with his part-time spin
The defeats are a jolt to a full-strength Pakistan side in their preparations for the Twenty20 World Cup
With his famous stepfather Tommy Fleetwood on his bag, Dubai’s Oscar Craig shoots a promising first round 69
Karn Sharma and Swapnil Singh bag four key wickets to secure a 35-run victory in Hyderabad
The patient had endured years of severe pain and debilitating health complications due to the tumour
The concert is set to take place on April 27