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Preparer Charged in $13M PPP Fraud

Fraud alert 2A New York tax preparer and his client with submitted more than 100 application through the Paycheck Protection program, the United States alleges. 

The preparer, Sandeep Grover, and his client, Shikha Sehgal are accused of obtaining more than $13 million in PPP loans from seven financial institutions

 Grover, age 54 of Massapequa, N.Y., is the owner of Excellent Business Services, a tax preparer firm, based in Seaford, N.Y. The Justice Department alleges he recruited Sehagl and others to open accounts for companies with no business, creating fake invoices and documentation in order to apply for PPP loans.

According to the charges, bank records show Grover moved millions of dollars in loan proceeds between many accounts his controlled, using those funds to purchase property, pay off personal loans, and pay expenses for other companies he owned.

Grover is also accused of misusing the IDs of one of his employees to obtain a loan.

Both Grover and Sehal are accused of major fraud against the U.S. and conspiracy to commit wire fraud and bank fraud as a result of the alleged offenses Grover. is also charged with one count of aggravated identity theft,

a loan.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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