Texas Man Steals More Than $17 Million In Coronavirus Relief Funds, Buys Luxury Cars and Houses
The pandemic may have brought the world to a standstill, but it didn't stop the hustle and bustle of a Texas man.
A man from the Dallas area stole over $ 17 million in COVID-19 rescue funds, according to the Justice Department. Dinesh Sah, 55, was able to refine $ 24.8 million, of which he received $ 17.7 million. The money was government bailout provided by the Small Business Owner Paycheck Protection Program, but Sah spent the bread on luxury cars and homes.
Sah was able to secure this money by forging business information. Having no proper business or employees, he bought a 2020 Bentley convertible and other luxury cars and several houses. According to the federal authorities, Sah has also carried out several international money transfers.
"Mr. Sah viewed the Paycheck Protection Program as his personal piggy bank, indulging in not only millions in cash, but several luxury vehicles and homes as legitimate small business owners in the US desperately looked for ways to sell groceries on their tables and to ensure that their employees were paid, "said IRS agent Tamera Cantu in a statement.
Sah has since been charged with three wire transfer fraud cases, three bank fraud cases and one money laundering case.
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