Coppell man charged in $24 million coronavirus relief fund fraud
COPPELL, Texas โ A federal grand jury has indicted a Coppell, Texas, man on three counts of wire fraud, three counts of fraud and one count of money laundering, the Department of Justice announced Friday. According to the federal agency, Dinesh Sah, 55, spent more than $17 million in Paycheck Protection Program loans on lavish personal expenses. Erin Nealy Cox, U.S. Attorney for the Northern District of Texas, said Sah was charged with filing fraudulent coronavirus relief loan applications. Ultimately, Sah received approximately $17.7 million in coronavirus relief loans. โTo date, the government has seized more than $6.5 million in fraudulent proceeds that Sah obtained during the scheme,โ the agency said in a statement.