A Southern California man was arrested on federal charges Friday after federal authorities say he fraudulently obtained millions of dollars in coronavirus relief to buy luxurious cars, take lavish vacations and cover personal expenses.

Mustafa Qadiri, 38, of Irvine, nearly 40 miles southeast of Los Angeles, obtained about $5 million in Paycheck  Protection Program money after claiming to own four businesses in nearby Newport Beach, none of which are in business, according to a federal indictment.

Qadiri submitted claims for All American Lending Inc., All American Capital Holdings Inc., RadMediaLab Inc., and Ad Blot Inc. in May and June 2020 with altered bank accounts, fake federal tax return forms and someone else’s identity, according to the U.S. Attorney’s Office of California. He then, the indictment says, used the money for vacations, personal expenses, and Ferrari, Bentley and Lamborghini sports cars.

All cars and $2 million from Qadiri’s bank account were seized by federal agents when he surrendered himself to authorities Friday morning. He is charged with six counts of money laundering, four counts of bank fraud and wire fraud and one count of aggravated identity theft.



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