North Texan Dinesh Sah Pleads Guilty To $24M COVID-Relief Fraud Scheme

Dallas TX

25 March, 2021

9:54 AM

Description

CBS Dallas/Fort Worth March 25, 2021 A Coppell businessman pleaded guilty Wednesday, March 24, to orchestrating a fraudulent scheme to obtain approximately $24.8 million in forgivable Paycheck Protection Program loans and laundering the proceeds. CBS 11 first reported on Dinesh Sah, 55, back in November 2020. According to court documents, Dinesh Sah, 55, admitted that he 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 at CBS Dallas/Fort Worth