The fake India Inc “engineer” looting scam just got caught red-handed again.
There is no scheme these frauds won’t use to try to get rich.
Brainpower. Right, Mr. Trump?
“Shashank Rai “fraudulently pursued millions of dollars in loans intended for legitimate small businesses suffering the economic hardships of the COVID-19 pandemic”, Assistant Attorney General Brian Benczkowski said on Wednesday announcing the filing of charges.
He faces several charges including bank fraud and making false statements to a federal agency.
Rai, 30, applied for a $10 million loan from a bank under the Paycheque Protection Programme (PPP) claiming to have 250 employees with a monthly payroll of $4 million when there were no records of paying workers, according to documents filed in the federal court in Beaumont, Texas”.