Latest Breaking News On - Najeeb khan - Page 9 : comparemela.com

A businessman who orchestrated a $180 million check-kiting scheme and used the proceeds to live a lavish lifestyle and amass one of the world’s most revered classic car collections has been sentenced to more than eight years in prison. Najeeb Khan told a federal judge Thursday that he was “blinded by greed” to carry out the scheme and buy more than 250 cars, as well as airplanes, boats and a helicopter. Besides receiving a 97-month sentence, the 70-year-old Michigan man must pay $121 million in restitution to Cleveland-based KeyBank, $27 million to clients and $9.8 million in back taxes. Authorities have said Khan carried out the fraud from 2011-2019 while growing his payroll processing business in Elkhart, Ind.

United statesNajeeb khanBoy scouts of americaCleveland based keybankBoy scouts