Seven people in two states were charged in an indictment with stealing countless dollars in coronavirus relief funds and investing it on luxury items, consisting of a Lamborghini and a Porsche, federal authorities said Tuesday.
The suspects, based in Texas and Illinois, were charged with wire fraud and conspiracy to commit wire fraud, the Justice Department said.
Two suspects, Amir Aqeel, 52, and Siddiq Azeemuddin, 41, were likewise charged with cash laundering. Others called in the indictment were Pardeep Basra, 51; Rifat Bajwa, 51; Mayer Misak, 40; Mauricio Navia, 41; and Richard Reuth.
The Justice Department alleged that the group submitted dozens of deceitful loan applications that consisted of falsified payroll costs, tax return, bank records and other documents.
Numerous phony incomes were cashed by fake employees– including Aqueel’s 86- year-old mom– at a check-cashing company owned by among the offenders, the indictment alleges.
They looked for $30 million from the Payroll Protection Program, the federal loan program that reserved more than $600 billion to assist small businesses throughout the coronavirus pandemic this year, according to the indictment.
The documents say they protected about $16 million before federal representatives executed 45 warrants, taking a 2013 Lamborghini, a Porsche and property in a high end section of Houston.
It wasn’t immediately clear whether they had attorneys.
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