Mr. Qadiri submitted applications to three different banks for Covid-19 relief funds in order to help four companies based in California that, in fact, were not in operation, prosecutors said. In addition to submitting fraudulent company information and “altered bank account records,” Mr. Qadiri is also accused of using someone else’s name, Social Security number and signature on the applications, according to a statement from prosecutors. Federal agents confiscated a 2011 Ferrari 458 Italia that was registered to All American Capital Holdings, one of the companies listed on Mr. Qadiri’s P.P.P. A 2018 Lamborghini Aventador S, registered to the same company, was also seized, they said. Another popular site for auto enthusiasts, Kelley Blue Book, has a listing for a 2011 Ferrari 458 Italia selling for $179,000.

Source: New York Times May 10, 2021 10:16 UTC