By Baltimore City Wire |
Sep 9, 2024
Baltimore, Maryland – Senior United States District Judge James K. Bredar sentenced Ayaz Qureshi, age 55, of Severna Park, Maryland to a year and a day in federal prison, followed by two years of supervised release, in connection with a conspiracy to commit wire fraud affecting financial institutions, relating to more than $250,000 in fraudulent Paycheck Protection Program (PPP) benefits. PPP benefits were a program created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was a federal law enacted in March 2020 to provide emergency financial assistance...