WASHINGTON, March 18 -- The U.S. Department of Justice's U.S. Attorney's office for XXXXXX (insert district) issued the following press release:
CHICAGO - An Illinois businessman has been sentenced to ten years in federal prison for fraudulently obtaining $14 million across 1,500 fraudulent small business loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The scheme netted SHARHABEEL SHREITEH at least $741,000 in kickback payments. In turn, Shreiteh then funneled hundreds of thousands of dollars in loan proceeds fraudulently obtained from the United States government to financial institutions in the Palestinian Territories, much of which was used to build a second home there. He also used some of the fraud proceeds...