United States v. Fahad H. Shah

Case summary

United States v. Fahad H. Shah, No. 4:20-cr-00156 (E.D. Tex., Sherman Division), is a Paycheck Protection Program prosecution. The page carries Entry 1 and Entry 48; entries 2–47 are not in the archive. The indictment, filed June 18, 2020 under seal, charges three counts of wire fraud under 18 U.S.C. § 1343, a false statement to a bank under 18 U.S.C. § 1014 and four counts of monetary transactions under 18 U.S.C. § 1957, alleging that Shah applied for PPP loans for WBF Weddings by Farah, Inc. stating 126 employees, seeking approximately $1,753,875 from Bank 1, which was not approved, and approximately $1,592,657 through Company 1, which Bank 2 funded on or about May 4, 2020, that the funds went to personal expenses including a luxury automobile and home mortgage payments, and that intended losses were at least $3.3 million. Shah pleaded guilty to Count 3, wire fraud; the judgment imposed September 16, 2021 by United States District Judge Amos L. Mazzant, III dismisses the remaining counts and sets 31 months in prison, three years of supervised release, restitution of $1,592,657.00 to the United States Small Business Administration and forfeiture including a money judgment of $1,592,657.00. The hosted docket ends with the judgment.