California Man Accused of Spending $5 Million in Fraudulent PPP Loans on Luxury Cars

California Man Accused of Spending $5 Million in Fraudulent PPP Loans on Luxury Cars

Complex - Life·2021-05-09 14:00

A California man has been accused of fraudulently obtaining $5 million in federal coronavirus relief loans and using the money to live a luxury lifestyle, NBC News reports.

Mustafa Qadiri, 38, of Irvine, was arrested Friday and charged with four counts of bank fraud, four counts of wire fraud, one count of aggravated identity theft, and six counts of money laundering, the Department of Justice said in a statement.

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