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Connecticut man charged with misusing $2.9 million PPP loan May 7, 2021 GMT BRIDGEPORT, Conn. (AP) A Connecticut man was arrested Friday on bank and wire fraud charges, accused of fraudulently obtaining nearly $2.9 million in federal COVID-19 relief funds and using some of the money to buy expensive cars. Federal authorities allege Moustapha Diakhate, 45, of Stamford, provided Citibank with false and fraudulent information when applying for Paycheck Protection Program or PPP loans last year for his five businesses. Some of the money was allegedly used to pay off a loan on a 2010 Porsche SUV and purchase a Mercedes and BMW. The U.S. Attorney’s Office also alleges Diakhate used some of the money to buy a certificate of deposit worth thousands and disburse some to individuals unrelated to his businesses. Prosecutors also say a substantial amount of the money is unaccounted for.

United statesCharles willsonMoustapha diakhatePaycheck protection programUs attorney officeStamford advocateஒன்றுபட்டது மாநிலங்களில்சார்லஸ் வில்சன்சிட்டி வங்கிசம்பள காசோலை ப்ரொடெக்ஶந் ப்ரோக்ர்யாம்எங்களுக்கு வழக்கறிஞர் அலுவலகம்ஸ்டாம்போர்ட் வழக்கறிஞர்