Temecula man spent thousands from COVID-19 business loan on luxury cars – San Bernardino Sun

A Temecula man is going through federal fees that he stole tons of of 1000’s of {dollars} from the Paycheck Safety Program after acquiring greater than $7 million in forgivable loans designed to help companies which can be struggling throughout the COVID-19 pandemic.

Oumar Sissoko, 59, was arrested on Wednesday, April 21, and is because of enter pleas to 4 counts of wire fraud on Thursday in U.S. District Court docket in Riverside, in keeping with a information launch from the U.S. Division of Justice.

The indictment alleges that Sissoko, as a substitute of spending all the cash on the payroll and different bills for Highway Physician California, purchased a luxurious automotive for greater than $100,000, paid off a mortgage on a distinct luxurious automotive and bought a pc for nearly $6,000.

“The impermissible makes use of additionally included a non-refundable down cost of roughly $100,000 to buy an organization situated in New Hampshire, and the tried transmission of roughly $150,000 to accounts within the African nation of Mauritania related to a minerals exploration firm for which Sissoko purports to function CEO,” the DOJ information launch says.

Highway Physician California is a enterprise “that purports to restore potholes,” the discharge says.

It’s unclear whether or not the enterprise exists past a document filed with the California Secretary of State’s Office that claims the corporate was based on Dec. 5, 2019. The doc lists the corporate’s avenue tackle as a put up workplace in downtown Los Angeles. No web site or cellphone quantity might be discovered for the corporate in a search of the web.

Sissoko faces a most penalty of 20 years in jail for every depend if convicted, the discharge says.

— to www.sbsun.com

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