Suburban Chicago Businessman Convicted for Role in Bank Fraud and PPP Fraud Schemes
… the Paycheck Protection Program (PPP). According to court documents and evidence presented at trial, Rahul Shah, 56, of … defaulted on at least one such line of credit and one such loan. Shah submitted to federally insured financial … to a federally insured bank an application for a $441,138 loan guaranteed by the SBA that significantly overstated the …