Home Scam/Fraud Texas Man Gets 11 Years for $24 Million Worth of Fraudulent COVID-19...

Texas Man Gets 11 Years for $24 Million Worth of Fraudulent COVID-19 Relief Claims

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A Texas man was sentenced to more than 11 years in prison on Wednesday after making a series of false claims in an attempt to fraudulently obtain $24.8 million in Paycheck Protection Program (PPP) loans.

U.S. District Judge Karen Gren Scholer handed 55-year-old Dinesh Sah the sentence and an order to pay $17,284,649.79 in restitution on Wednesday, just over four months after he pleaded guilty to money laundering and wire fraud charges, according to the Department of Justice. PPP loans were introduced as part of the Coronavirus Aid, Relief and Economic Security Act during the first wave of the COVID-19 pandemic and, unlike most other loans, can be fully forgiven under certain conditions.

Congress passed the Paycheck Protection Program to help struggling businesses stay afloat, not to fund faux entrepreneurs’ luxury lifestyles,” acting U.S. Attorney Prerak Shah said in a statement. “Even as COVID-19 devastated companies around the…

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