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Coppell Man Sentenced in $24 Million Covid-19 Relief Plot

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Dinesh Sah, 55, from Coppell, Texas, was given more than 11 years in jail for wire-fraud and money-laundering. This is in connection to his plot to receive nearly $24.8 million in PPP loans.

It has been documented that Sah processed 15 fraudulent loan applications under different names for his businesses. He submitted them to 8 various lenders.

He said that he had several employees that benefit from payroll checks that were hundreds of thousands of dollars. However, none of the businesses had workers or paid wages adding up to that total. He also submitted false documentation that accompanied the applications.

Afterwards, Sah obtained $17 million in PPP loans. With the money, he paid off some of his mortgages and bought many luxury vehicles.

Sah pleaded guilty in March 2021. He agreed to forfeit his eight homes, six luxury vehicles, and $9 million.

He also has to pay $17,284,649.79 in restitution.



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