Coppella businessman sentenced to 11 years for using PPP loans to buy luxury cars and homes

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A North Texas businessman goes to jail for fraud with a program designed to help businesses hit by the pandemic.

Coppell’s Dinesh Sah pleaded guilty to electronic communications fraud and money laundering.

Federal prosecutors said Sah had filed 15 fake applications for the Payroll Protection Program using the name of his businesses.

He received nearly $ 25 million from the federal government to pay his employees and help his business survive.

The documents say he used the money instead to buy homes in Texas and California, as well as a Bentley convertible and other luxury vehicles.

CONNECTED: Coppell’s man admits he used fraudulent PPP loans to buy luxury cars and homes

He was sentenced to over 11 years in prison.

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