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1of17In this Saturday, April 24, 2021, photo, a clothing shop clerk wearing a protective mask waits for customers at the Ramadan bazaar in Kuala Lumpur, Malaysia. Malaysian Prime Minister Muhyiddin Yassin announced Monday that the whole country will be placed under a near lockdown for about a month but all economic sectors will be allowed to operate.Vincent Thian/APShow MoreShow Less
2of17Health workers and volunteers in personal protective suits wait to receive patients outside a COVID-19 hospital that was set up at a Sikh Gurdwara in New Delhi, India, Monday, May 10, 2021.Ishant Chauhan/APShow MoreShow Less
California man charged with using COVID loans to buy a Ferrari . Autoblog 5/10/2021 Associated Press
IRVINE, Calif. A Southern California man has pleaded not guilty to charges he obtained $5 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 Monday.
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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 U.S. Attorney’s Office. Qadiri s attorney, Bilal A. Essayli, declined further comment Monday.
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People wearing face masks to help curb the spread of the coronavirus walk on a pedestrian overhead bridge as they heading to work in Beijing, Monday, May 10, 2021.
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A technician prepares a Pfizer vaccine in the pharmacy area of the newly opened COVID-19 Vaccination Centre in Sydney, Australia, Monday, May 10, 2021.
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Liquid Medical Oxygen (LMO) cryogenic containers are unloaded from Indian naval vessel INS Trikand that arrived from Hamad Port, Qatar at Naval Dockyard In Mumbai, India, Monday, May 10, 2021. The consignment is part of the French mission Oxygen Solidarity Bridge to support India s fight against COVID-19 pandemic.
California man charged with using COVID loans to buy Ferrari
May 10, 2021 GMT
IRVINE, Calif. (AP) A Southern California man has pleaded not guilty to charges he obtained $5 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 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 U.S. Attorney’s Office. Qadiri’s attorney, Bilal A. Essayli, declined further comment Monday.
California man charged with using $5M in COVID loans to buy Ferrari, Bentley and Lamborghini
Published
SANTA ANA, Calif. - Southern California man has pleaded not guilty to charges he obtained $5 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 Monday.
An Orange County man was arrested May 7, 2021, on federal charges alleging he fraudulently obtained approximately $5 million in Payment Protection Program (PPP) loans, which he used to buy a Ferrari, Bentley and Lamborghini. (U.S. Attorney’s Office Central District of California)
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.