Coppell man charged with scamming $17 million in PPP money to buy luxury cars and homes

Federal investigators say a Coppell man fraudulently applied for dozens of federal stimulus PPP grants and received more than $17 million that he spent buying real estate and luxury cars such as a Bentley and a Corvette.



Government prosecutors have now charged dozens of people with fraudulently receiving grants from the Payroll Protection Program.


© Brian Elledge/Staff Photographer/The Dallas Morning News/TNS
Government prosecutors have now charged dozens of people with fraudulently receiving grants from the Payroll Protection Program.

A coalition of federal agencies charged Dinesh Sah, 55, of Coppell, with applying for $24.8 million in PPP loans for 15 businesses that claimed to have more than 500 employees, but in fact, many of the businesses were registered after the CARES Act was passed and did not have any employees, according to court documents detailing the indictment.

“Mr. Sah exploited this terrible pandemic for personal gain – and he should be held accountable to the American people for that behavior,” said U.S. Attorney Erin Nealy Cox in

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Defense Contractor Accused Of PPP Fraud Can Go Free On $2 Million Bail

A federal judge decided Friday that a Honolulu-based defense contractor accused of bilking the Paycheck Protection Program of $12.8 million can be released on $2 million bond while he awaits trial.

Martin Kao, the CEO of Navatek LLC faces multiple counts of bank fraud and money laundering for allegedly falsifying loan documents used to gain access to federal funds meant to help small businesses survive the economic fallout of the coronavirus pandemic.

He was arrested by federal agents in Honolulu on Wednesday and is being held in the Federal Detention Center. The detention hearing was held via telephone on Friday morning.

Martin Kao is seen here in a 2013 interview with Hawaii News Now.

Courtesy: Hawaii News Now

Federal prosecutors argued that Kao was a flight risk and that he should not be released from federal custody because he has millions of dollars in assets and legal status in Taiwan,

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