Collin County Wedding Planners Convicted of COVID Aid Fraud | USAO-EDTX
SHERMAN, Texas – A Murphy man was sentenced to federal jail for partaking in a scheme to fraudulently get hold of greater than $ 3.3 million in Paycheck Safety Program (PPP) loans granted by the Small Enterprise Administration (SBA) assured underneath the Coronavirus Support, Support and Economic system Safety Act (CARES) within the Jap District of Texas, introduced at the moment Nicholas Ganjei, Performing U.S. Legal professional for the Jap District of Texas and Assistant Legal professional Common Kenneth A. Well mannered Jr. of the Division of Justice’s Felony Police Division.
Fahad Shah, 45, pleaded responsible to wire fraud on Might 19, 2021 and was sentenced to 31 months in federal jail by U.S. District Choose Amos L. Mazzant, III.
“Stealing restricted COVID support funds is the very definition of stealing from the much less lucky,” mentioned Performing US Legal professional Nicholas J. Ganjei. “Each greenback stolen and extravagantly spent on this case was one much less greenback that went to a struggling firm struggling to fulfill its payroll obligations to workers. The Justice Division and its companions will do all the things of their energy to research and prosecute those that condescend to steal these restricted funds and block nationwide restoration efforts.
In keeping with courtroom paperwork, Shah sought roughly $ 3.3 million in PPP funds alleging his household’s enterprise, WBF Weddings by Farah Inc. (WBF), employed greater than 100 individuals and paid compensation to these workers Million greenback. The truth is, WBF had no workers aside from Shah and his spouse. Based mostly on Shah’s misrepresentation and solid paperwork, an SBA accepted lender offered Shah with over $ 1.5 million in PPP mortgage funds. Shah used the funds for private functions opposite to this system phrases. He paid off his mortgage and acquired, amongst different issues, two Teslas and a Mercedes.
Performing US Legal professional for the Jap District of Texas Nicholas Ganjei; Assistant Legal professional Common Kenneth A. Well mannered Jr., Felony Justice Division; Particular Consultant Amaleka McCall-Brathwaite of the US Small Enterprise Administration – Workplace of Inspector Common (SBA-OIG); Accountable Particular Consultant Catherine Huber from the Federal Housing Finance Company – Workplace of the Inspector Common (FHFA-OIG); Inspector Common Jay N. Lerner of the Federal Deposit Insurance coverage Company – Workplace of Inspector Common (FDIC-OIG); Particular Consultant Christopher J. Altemus, Jr., of the IRS Felony Investigation (IRS-CI) Dallas Subject Workplace; and Inspector Common J. Russell George of the Treasury Common Inspector Common for Tax Administration (TIGTA) introduced this.
The SBA-OIG, FHFA-OIG, FDIC-OIG, IRS-CI and TIGTA investigated the case.
This case was adopted by US assistant attorneys Frank Coan and Bob Wells of the Jap District of Texas and trial attorneys Louis Manzo and Della Sentilles of the Felony Division’s Fraud Division.