ppp loans tho ferrari,bentley,lamborghini

[desiboys]

A California man who acted like he got the green light to buy a Ferrari, a Bentley and a Lamborghini on the fed’s COVID-19 relief dime is now steering his way through multiple fraud charges.

Federal prosecutors say Mustafa Qadiri, of Irvine, California, used about $5 million in Payment Protection Program loans to live large, spending the COVID relief money on luxury vacations, the costly cars and more.

Qadiri was named in a federal grand jury indictment returned Wednesday charging him with four counts of bank fraud, four counts of wire fraud, one count of aggravated identity theft, and six counts of money laundering. He surrendered to law enforcement Friday.

He is accused of claiming to operate four businesses based in Newport Beach, California, none of which are in operation: All American Lending, Inc., All American Capital Holdings, Inc., RadMediaLab, Inc., and Ad Blot, Inc.

[Pitta]