North Texan Dinesh Sah Pleads Guilty To $24M COVID-Relief Fraud Scheme

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DALLAS (CBSDFW.COM) – A Coppell businessman pleaded guilty Wednesday, March 24, to orchestrating a fraudulent scheme to obtain approximately $24.8 million in forgivable Paycheck Protection Program loans and laundering the proceeds.

According to court documents, Dinesh Sah, 55, admitted that he submitted 15 fraudulent applications, filed under the names of various purported businesses that he owned or controlled, to eight different lenders seeking approximately $24.8 million in PPP loans.

Dinesh Sah

Sah claimed that these businesses had numerous employees and hundreds of thousands of dollars in payroll expenses when, in fact, no business had employees or paid wages consistent with the amounts claimed in the PPP applications.

Sah further admitted that he submitted fraudulent documentation in support of his applications, including fabricated federal tax filings and bank statements for the purported businesses, and falsely listed other persons as the authorized representatives of certain of these businesses without the authority to use their identifying information on the applications.