PPP loans Scams....

[Repo]

 

[Pitta]

[Repo]

The complaint alleges that Mohan submitted at least eight fraudulent PPP loan applications on behalf of six different companies to federally insured financial institutions.  The complaint alleges that, in support of the fraudulent loan applications, Mohan made numerous false and misleading statements about the companies’ respective business operations and payroll expenses. 

The complaint also alleges that, in further support of the fraudulent loan applications, Mohan submitted fake and altered documents, including fake federal tax filings and altered incorporation documents.  For example, Mohan misrepresented to a lender that, in 2019, his company Mahenjo Inc., had dozens of employees and paid millions of dollars in employee wages and payroll taxes.  In support of Mahenjo’s loan application, Mohan submitted incorporation documents showing that he incorporated the company in 2018 and filed federal unemployment tax forms for 2019.  In truth, Mohan purchased Mahenjo on the Internet in May 2020 and, at time he purchased the company, it had no employees and no business activity.  The incorporation documents he submitted to the lender were altered and the federal tax filings he submitted were fake. 

The complaint further alleges that Mohan transferred at least $231,000 in fraudulently-obtained loan proceeds to his personal brokerage account for his personal benefit.

[OreyPandhi]

7 minutes ago, Pitta said:

[Bhumchik]

Another over-smart Indian asshole bites the dust. These clowns bring disgrace to the whole community as fraudsters. Not sure why they think they can get away with their cheap silly tactics in US.

if the company was not operational with a business checking account as of Feb 2020, that’s a fraud.

claiming nonexistent employees is a fraud.

forged incorporation docs is a fraud.

forged tax filings is a fraud.

i smell deportation!

[Hitman]

This whole thing is Fraud, every official knows billions of $ went to scamsters (can be Individual or Corporations).. There are thousands of shady shell companies all got these free money. Unfortunately Desi got caught. vaadu kakkurthi padi ventane laundering attemt chesadu.. konnallu wait cheyyalsi undi...

[meandhrakurradu]

1 hour ago, Bhumchik said:

Another over-smart Indian asshole bites the dust. These clowns bring disgrace to the whole community as fraudsters. Not sure why they think they can get away with their cheap silly tactics in US.

if the company was not operational with a business checking account as of Feb 2020, that’s a fraud.

claiming nonexistent employees is a fraud.

forged incorporation docs is a fraud.

forged tax filings is a fraud.

i smell deportation!

idi chala mandi chesaru, manodu okadu dorikadu along with lot of other people including tella, nalla etc etc . denlo community ki bad name ane pedda pedda matalu enduku le

[siru]

3 minutes ago, meandhrakurradu said:

idi chala mandi chesaru, manodu okadu dorikadu along with lot of other people including tella, nalla etc etc . denlo community ki bad name ane pedda pedda matalu enduku le

avanni mak telvad..desi gallu bad..especially h1s, desi citizens are separate breed

[mustang302]

😂😂😂

[tom bhayya]

1 hour ago, Hitman said:

This whole thing is Fraud, every official knows billions of $ went to scamsters (can be Individual or Corporations).. There are thousands of shady shell companies all got these free money. Unfortunately Desi got caught. vaadu kakkurthi padi ventane laundering attemt chesadu.. konnallu wait cheyyalsi undi...

Wtf ppp loan kosam clear ga company create chesaadu and you are saying everyone does that? Seriously? Payroll meedha employees undi plus business good unna Sarey apply chesaadu antey what you said might be true but fake payroll and fake federal filings ??? And you are supporting him?

[tom bhayya]

1 hour ago, meandhrakurradu said:

idi chala mandi chesaru, manodu okadu dorikadu along with lot of other people including tella, nalla etc etc . denlo community ki bad name ane pedda pedda matalu enduku le

For example, Mohan misrepresented to a lender that, in 2019, his company Mahenjo Inc., had dozens of employees and paid millions of dollars in employee wages and payroll taxes.  In support of Mahenjo’s loan application, Mohan submitted incorporation documents showing that he incorporated the company in 2018 and filed federal unemployment tax forms for 2019.  In truth, Mohan purchased Mahenjo on the Internet in May 2020 and, at time he purchased the company, it had no employees and no business activity.

 

[seematapakaya]

 

[seematapakaya]

Chusthe innocent la ge unadu. Edho chedam ani anukunadu emo aa money tho. Company start chedam ani