A Long Island business owner was sentenced to four years in federal prison Wednesday for stealing more than $1.7 million in pandemic relief funds, which he spent on luxury watches, cryptocurrency and private school tuition, officials said.

Niall Alli, a resident of Inwood in Nassau County, pleaded guilty in December to wire fraud after submitting fraudulent applications to the Paycheck Protection Program, a pandemic-era federal loan program intended to help small businesses stay afloat.

Between April 2020 and November 2021, prosecutors said, Alli applied for and received four PPP loans on behalf of two companies he controlled, Allicorp and Oxypaper, using falsified financial data and fabricated payroll to secure the loans. He later filed false forgiveness applications using bogus financi

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