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NJ Man Who Spent $5.6M COVID Relief On Stock Market, Luxury Car Sentenced NJ Man Who Spent $5.6M COVID Relief On Stock Market, Luxury Car Sentenced
NJ Man Who Spent $5.6M COVID Relief On Stock Market, Luxury Car Sentenced A Sussex County man was sentenced Tuesday to more than five years in federal prison for spending $5.6 million in federal COVID-19 pandemic business loans for himself, authorities said. Azhar Sarwar Rana, 31, of Newton will have to serve out just about all of the 64-month sentence because there's no parole in the federal prison system. The federal Paycheck Protection Program was designed to keep struggling small businesses afloat during the pandemic. Rana used the money, instead, to invest millions in the stock market, make a payment to a luxury car dealership and send hundreds of thous…

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by Jerry DeMarco