South Suburban man sentenced to 10 years for $14M COVID loan fraud
TL;DR Summary
A south suburban man, Sharhabeel Shreiteh, was sentenced to 120 months in federal prison for leading a $14 million Paycheck Protection Program loan-fraud scheme, filing more than 1,500 bogus applications for about 1,025 clients and taking roughly $740,000 in kickbacks; prosecutors say most funds were forgiven and he directed money overseas, while a co-defendant’s charges are pending and he faces a related tax-fraud case.
- ‘Most stupid fraud in history’: Suburban man gets 10 years in prison for $14M fraud tied to COVID-19 loans Chicago Tribune
- Ill. Tax Preparer Gets 10 Years For $14M PPP Loan Fraud Law360
- ‘Most stupid fraud in history’: Illinois man gets 10 years in prison for $14 million fraud tied to COVID-19 loans Yahoo
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