| Pair
Charged With
Defrauding 7
Banks With 100
PPP Loan
Applications
Get Bailed Out
by
Matthew Russell Lee, Patreon Book
Substack
SDNY COURTHOUSE,
May 24 –
In the
Magistrates
Court of the
SDNY on May 24
a bail or jail
hearing was
held on
defendants
SANDEEP GROVER
and SHIKHA
SEHGAL,
charged with
major fraud
against the
U.S. and
conspiracy to
commit wire
fraud and bank
fraud for
their
participation
in a scheme to
submit more
than 100
applications
containing
false
representations
to seven
financial
institutions
and
fraudulently
obtain over
$13 million in
government-backed
Paycheck
Protection
Program loans.
Presiding was
U.S. District
Court for the
Southern
District of
New York
Magistrate
Judge Gabriel
W. Gorenstein.
Inner City
Press
there.
Bail
- or
technically,
bond - was
granted, but
the Assistant
US Attorney
wanted to know
more about the
suretors, and
"financial
responsible
people." The
Federal
Defender said
she could
provide
information to
the
court.
Judge
Gorenstein
said he would
prefer for the
defense to
simply provide
the
information to
the AUSA, and
only get the
Court involved
if
necessary.
The
case is US v.
Grover, et
al.,
23-mj-4186
(Gorenstein)
***
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