A 42-year-old man from California, USA who reportedly used COVID-19 relief loans to purchase a Bentley and a Lamborghini was on Friday sentenced to four years in prison.
In addition to this sentence, the accused Mustafa Qadiri of Irvine, California was also ordered to pay US$2.8 million in restitution as well as a $20,000 fine.
Court documents revealed that in May and June of 2020, Qadiri obtained a whopping sum of $5 million in pandemic loans and used the spoils to purchase luxury vehicles and take lavish vacations.
The documents also outlined that the accused had filed applications under the Federal Protection Paycheck Program on behalf of four separate Newport Beach companies which according to Prosecutors were actually defunct at the time.
In addition, the accused also falsified tax returns and bank balances in exchange for funds that were paid to struggling small businesses.
He later pleaded guilty in July of 2021 to bank fraud, aggravated identity theft, and money laundering, after authorities confiscated the sports cars in addition to $2 million in cash from his bank accounts.