RENO, Nev. (KOLO) - A Nevada man was sentenced to more than 15 years in prison after being convicted in a multi-million dollar COVID-19 relief fraud scheme.
Meelad Dezfooli will serve five years of parole after the DOJ says he fraudulently obtained more than $11 million in PPP loans and then laundered the funds through real estate transactions, gambling activity, and luxury purchases.
Dezfooli will also pay restitution in the amount of $11.7 million and forfeit two vehicles and five properties.
Dezfooli, who lives in Henderson, was able to obtain the funds by submitted three false applications on behalf of entities he controlled. He supported his applications with false documents, including tax records and a utility bill, as well as by grossly inflating the number of employees and payro