December 19, 2020 at 12:03 AM
NEWTON, NJ- A Newton man was picked up on fraud charges before he could carry out his planned escape to Pakistan. According to U.S. Attorney Craig Carpenito, 30-year-old Azhar Sarwar Rana, faced Judge James B. Clark III on Wednesday, charged with one count of bank fraud and one count of money laundering.
Rana was arrested on December 12 after booking a same day flight out of the country Carpenito said. Court documents and statements made in court show Rana submitted a fraudulent Paycheck Protection Program or PPP loan application that got him more than $5 million.
The loan application had false payroll and tax information including not having paid wages in 2019 and the minimal wages he paid in 2020 were to people whose names did not match the social security numbers they submitted.
Newark, NJ A Sussex County, New Jersey, man will make his initial court appearance today on charges of fraudulently obtaining a federal Paycheck Protection Program (PPP) loan of over $5 million, U.S.
Azhar Sarwar Rana of Newton, New Jersey, is charged by complaint with one count of bank fraud and one count of money laundering. Rana was arrested Dec. 12, 2020, after he booked a same-day flight to Pakistan; he made his initial appearance by videoconference today before U.S. Magistrate Judge James B. Clark III and was detained without bail.
According to documents filed in this case and statements made in court:
US: Pak-origin man charged with fraudulently obtaining USD 5.6 million loan
Washington, Dec 15: A Pak-origin man has been arrested on charges of fraudulently obtaining a USD 5.6 million loan meant to help small businesses during the coronavirus pandemic.
Azhar Sarwar Rana, 30, of New Jersey, is charged by a complaint with one count of bank fraud and one count of money laundering. He was arrested on December 12, after he booked a same-day flight to Pakistan.
Rana made his initial appearance by videoconference on Monday before US Magistrate Judge James B Clark III and was detained without bail.
According to documents filed in this case and statements made in court, Rana submitted a fraudulent Paycheck Protection Program (PPP) loan application to a lender on behalf of a corporate entity, Azhar Sarwar Rana LLC, that purportedly invested in real estate development.