DALLAS – A Dallas man has been sentenced to 20 years in federal prison and ordered to repay over $14 million he stole from numerous investors.
Dallas man to repay $14.7 million
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Rahool Amin Makani, 32, pleaded guilty to money laundering in U.S. District Judge Amos Mazzant’s court on Wednesday. Makani was sentenced to 240 months in federal prison for the crime.
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According to the release from the U.S. Attorney’s Nothern District of Texas Office, Makani admitted to defrauding multiple people in his money laundering schemes, and was ordered to pay $14,732,023.31 in restitution.
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Makani was identified through information presented to the court as a multi-million-dollar money launderer who conned victims into investing large amounts of money into fake businesses. He was found to have used various schemes to defraud his investors.
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According to the release, Makani used the money to maintain a lavish lifestyle. This reportedly included leasing private jets, buying luxury watches, buying numerous supercars, and often traveling to Las Vegas to gamble with investors’ money.
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The Source: The U.S. Attorney’s Nothern District of Texas Office provided the information in this story.