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Chicago, IL – An Evanston businessman was sentenced Wednesday to six years in federal prison for orchestrating a wide-ranging fraud scheme that netted more than $55 million in commercial loans and COVID-19 relief funds, federal prosecutors announced.
According to the U.S. Department of Justice, Rahul Shah, 56, was also sentenced to two years of supervised release and ordered to pay $23,226,005 in restitution for defrauding federally insured financial institutions and exploiting the Paycheck Protection Program (PPP)…