Nurus Safa and his son Maidal were indicted for allegedly defrauding the federal Paycheck Protection Program, misusing over $1 million intended for struggling businesses during the pandemic.
The defendants allegedly inflated their company's revenues through fraudulent tax returns, scheming to acquire funds for personal luxury purchases, severely undermining the program's intended support for small businesses.
Brooklyn District Attorney Eric Gonzalez emphasized the gravity of the Safas' actions, stating they engaged in a 'shameless scheme' to misappropriate critical funds meant to assist small businesses.
The total amount sought in the fraudulent applications reached over $1 million, with claims of intended use for employee payroll and business expenses later replaced by luxury acquisitions.
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