fraudulently obtained $5 million in pandemic relief loans and then spent the money on lavish vacations, luxury sports cars and his own personal expensesMustafa Qadiri, 42, of Irvine, had obtained the funds by submitting loan applications to the federal Paycheck Protection Program, which Congress created in March 2020 to provide emergency aid to small businesses struggling to survive amid COVID-19 related shutdowns and other business interruptions.
Qadiri filed the applications in May and June of 2020 on behalf of four separate Newport Beach companies, none of which were actually in operation at the time, federal prosecutors said. Among other deceptions, he lied about the companies’ employee numbers, falsified bank balances and created fake tax returns, officials said.
Qadiri pleaded guilty in July 2021 to bank fraud, aggravated identity theft and money laundering. In addition to his prison sentence, he was also fined $20,000 and ordered to pay more than $2.8 million in restitution.Several friends who wrote character references for Qadiri in federal court described him as a caring and generous man who grew up under his mother, an immigrant from Afghanistan, after his father died when he was a child.
Apparently some of that money also paid for some good defense lawyer, and considering his age, the vacations experience and most likely a very nice home, things he’ll keep forever etc, and given where he comes from 4 1/2 yrs maybe out earlier some may say this crime compensated🤷🏻♀️
We welcome him to America and this is how he shows his gratitude.
Huh that’s all? Four years? The lease in the whip [the car] is longer🤬
Wow….. there were people who really needed this money just so there business could survive and someone do this. SMH!
Wrong punishment lifelong concentration camps For stealing from,,,WE THE PEOPLE,,,everybody that steals taxmoney should be punished severely
Good.
Damn, imagine he stashed all that and was like, what loan?
Should have been at least 10 years. His greed is at psychotic levels.
You would think the head of the business loan department would be worried about us giving loans to obvious scammers, right? Instead he got his own PPP loan for a fake 'consulting' company. That's how bad it was
I was a business loan underwriter for 20 years. I would get multiple applications daily from people who had ppp loan deposits in personal bank accounts that had no way to even prove a business and be mad when we would decline because 'PPP already gave them one' so why can't we.
Now do repmtg…
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Good
4.5 yrs not long enough. Put him in for life. That money he stole could’ve gone to other genuine businesses that needed it. Those businesses may not have survived. Think of those business owners and their mental and physical state
Speaking of prison…when is foreign agent Joe Biden going
Buh, uh, uh…everyone was doing the same, eh? What about all those BOGUS loans that were forgiven, never to be paid back. (i.e. Tom Brady for starters?)
This is good but there is no way they can send everyone who committed fraud to prison. Too many people.
Now do the congressmen and women who took funds they didn’t need.
Is his first name Gavin?
Good
If only they did the same to BLM organizers who got rich off dead black people.
F*ck
That's how he got caught
A was a plan where nothing it seemed could go wrong.