A California man has pleaded not guilty to fraudulently obtaining $5 million in federal coronavirus-relief loans which he used to buy a Ferrari and take lavish vacations. Mustafa Qadiri was arrested last week.
This photo provided by U.S. Immigration and Customs Enforcement shows special agents with HSI Los Angeles's El Camino Real Financial Crimes Task Force seize a Lamborghini from an Orange County businessman on Thursday, April 6, 2021, in Irvine, Calif.
Mustafa Qadiri, 38, was arrested last week on suspicion of scheming to defraud the Paycheck Protection Program, which was implemented last year to help small businesses struggling during the COVID-19 pandemic. Qadiri also used someone else’s name, Social Security number and signature to fraudulently apply for one of the loans, prosecutors said.
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