Information — United States v. Shashank Shekhar Rai (E.D. Tex.)

Summary

A criminal information filed by the United States Attorney against Shashank Shekhar Rai, Case 1:21-cr-00009-MAC-CLS, in the U.S. District Court for the Eastern District of Texas, Beaumont Division, filed 01/14/21 as Document 22. Count One charges a false statement to a bank, alleging that on or about April 8, 2020 Rai, a salaried engineer, applied to Lender 1 for a PPP loan of $10,000,000 for Rai Family LLC, stating an average monthly payroll of $4,000,000 and 250 employees. The information states Rai Family LLC had no active operations or employees. The attached notice of penalty lists imprisonment of not more than 30 years and a fine not to exceed $1,000,000.

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