05/29/2026
Khalid Ahamad, 55 years old, of Little Elm, Texas, was sentenced to 70 months in federal prison for conspiracy to commit wire fraud on Wednesday in the Northern District of Indiana.
According to court documents, Ahamad knowingly conspired with others to defraud victims throughout the United States including a victim company in Fort Wayne.
Ahamad and his conspirators engaged in several fraud schemes, including business email compromise schemes, unemployment benefits fraud from state agencies, and Small Business Administration loan fraud.
Ahamad was ordered to pay over $2.6 million in restitution to the victims of the fraud schemes.
This case was investigated by FBI Indianapolis, with assistance from The Colony, Texas, Police Department.
More information: justice.gov/usao-ndin/pr/texas-man-sentenced-70-months-prison-conspiracy-commit-wire-fraud.