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  1. www.wvpe.org › wvpe-news › 2023/11/03Elkhart business owner to serve eight years in prison for fraud

    Nov 3, 2023 · An Edwardsburg man will serve eight years in federal prison after pleading guilty to bank fraud and attempted tax evasion. Najeeb Khan, 70, who lives on Eagle Lake, had pleaded guilty to defrauding KeyBank of over $150 million in a long-running check-kiting scheme. He spent the money on a lavish lifestyle, amassing a huge collection of luxury ...

    • Jeff Parrott

  2. www.cleveland.com › court-justice › 2023‘Pure avarice’: Businessman gets 8 years in prison for $180 ...

    Nov 2, 2023 · Najeeb Khan orchestrated a $180 million fraud over seven years. It ripped off Cleveland’s KeyBank for about $120 million, and he used the proceeds to amass one of the world’s most revered ...

  3. apnews.com › article › bank-fraud-classic-carsBusinessman sentenced in $180 million bank fraud that paid ...

    This photo provided by the FBI shows a classic car collection owned by businessman Najeeb Khan. Khan, who orchestrated a $180 million check-kiting scheme and used the proceeds to live a lavish lifestyle and amass one of the world’s most revered classic car collections has been sentenced to more than eight years in prison, Thursday, Nov. 2, 2023.

  4. en.wikipedia.org › wiki › Eddie_Basha_JrEddie Basha Jr. - Wikipedia

    Eddie Basha Jr. Edward Najeeb Basha Jr. (August 24, 1937 – March 26, 2013) was the Chairman & CEO of Bashas', Inc., a grocery store chain in Arizona. His father, Eddie Basha Sr., and his uncle, Ike Basha, founded Bashas' in 1932. The first store under the Bashas' banner was opened in Chandler, Arizona. [1] [2]

  5. www.msn.com › en-us › moneyFormer CEO of Elkhart payroll company sentenced to 8 years ...

    Najeeb Khan, 70, of Edwardsburg, was sentenced to eight years in prison after pleading guilty to bank fraud and attempted tax evasion. Khan was sentenced Thursday by U.S. District Judge Pamela A ...

  6. meaww.com › who-is-najeeb-khan-indiana-businessmanWho is Najeeb Khan? Indiana businessman who ran a ... - MEAWW

    Nov 6, 2023 · How did Najeeb Khan's scam get caught? In 2019, KeyBank discovered the $122 million hole in its accounts and deployed more than 100 staff members to trace the missing cash. Peter Szafran, Senior Vice President of Keybank, described the scale of the theft as "breathtaking" and said that several bank staff members were fired for allowing Khan to get away with it.

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  8. www.cbsnews.com › detroit › newsMichigan businessman sentenced in $180 million bank fraud ...

    Nov 3, 2023 · Najeeb Khan, 70, of Edwardsburg, Michigan, told a federal judge Thursday that he was "blinded by greed" to carry out the scheme and buy more than 250 cars, as well as airplanes, boats and a ...