Texas Man Sentenced for $24 Million COVID-19 Relief Fraud Scheme

United States Attorney’s Office – Northern District of Texas, July 28, 2021

A Coppell businessman was sentenced today to more than 11 years in prison for wire-fraud and money-laundering offenses in connection with his fraudulent scheme to obtain approximately $24.8 million in forgivable Paycheck Protection Program (PPP) loans, announced Acting U.S. Attorney for the Northern District of Texas Prerak Shah and Assistant Attorney General Kenneth A Polite Jr. of the Justice Department’s Criminal Division.

Dinesh Sah, 55, of Coppell, pleaded guilty on March 24. He was sentenced today by U.S. District Judge Karen Gren Scholer, who also ordered him to pay $17,284,649.79 in restitution.

According to court documents, Sah submitted 15 fraudulent applications, filed under the names of various purported businesses that he owned or controlled, to eight different lenders seeking approximately $24.8 million in PPP loans.

Read more.