A man was arrested Friday in the United States for tax fraud. Mustafa Qadri is accused of using the money he received from the Payment Protection Program, which is designed to help companies struggling during the Covid-19 pandemic, buy luxury cars.
According to the authorities, the California-based man received about five million dollars, more than 4.1 million euros, after borrowing from three different banks, to help four non-operating companies.
Kadiri, 38, is accused of altering information about companies and using someone else’s name and social security number and signature. You’ll have to respond to bank fraud, cyber fraud, aggravated identity theft and money laundering.
Through loans, the man will have bought a Ferrari, Lamborghini and Bentley, and also used the opportunity to enjoy a luxury vacation.
It should be noted that this is not the first case of support-related tax fraud due to Covid-19 in the United States, with two other cases similar to that of al-Qadri already known.