Federal officials said on Tuesday that seven people in the two states were convicted for stealing millions of rupees in coronovirus relief funds and spending on luxury products.
The Justice Department said that the alleged conspirators based in Texas and Illinois were charged with conspiracy to commit wire fraud and wire fraud.
Two alleged criminals, Amir Akil, 52, and Siddique Azimuddin, 41, were also charged with money laundering.
Others involved in the indictment include 51-year-old Pardeep Basra; Rifat Bajwa, 51; Mayor Misak, 40; Mauricio Navia, 41; And Richard Reith.
According to the department, the group allegedly submitted dozens of fraudulent loan applications, including misdemeanor payroll expenses, tax forms, bank records and other documents.
Hundreds of cash were redeemed by bogus employees – including Aqual’s 86-year-old mother – in a check-cashing business owned by a defendant, the indictment alleges.
He said $ 30 million in funds were sought from the payroll protection program, the federal loan program, that was earmarked earlier this year to help small businesses during the coronovirus epidemic.
The documents state that he acquired an amount of about $ 16 million before federal agents executed 45 warrants, seizing property in 2013 in a Lamborghini, a Porsche and an upscale section of Houston.
It was not immediately clear if they had lawyers.