California man allegedly swindled PPP out of $5M, spent cash on Ferrari, Lamborghini and Bentley

Mustafa Qadiri also allegedly used the money for ‘lavish vacations’

By Paul Best

FOXBusiness

A California man is accused of fraudulently obtaining $5 million through the Paycheck Protection Program then using the COVID-19 relief funds on luxury sports cars and vacations, the U.S. Attorney’s Office for the Central District of California announced Friday.

Mustafa Qadiri, 38, was charged Wednesday with four counts of bank fraud, four counts of wire fraud, one count of aggravated identity theft, and six counts of money laundering.

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https://www.foxbusiness.com/economy/california-man-allegedly-swindled-ppp-out-of-5m-spent-cash-on-ferrari-lamborghini-and-bentley

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