Kasali is alleged to have submitted at least two fraudulent PPP loan applications – one on behalf of an entity called Lola’s Level and the other in the name of Charm Hair Extensions. Kasali allegedly received more than $1.9 million in PPP loan funds following the approval of the Lola’s Level application. The charges allege that after receiving the funds, Kasali transferred the money into four additional bank accounts. Authorities were later able to seize the funds.
In the loan applications, Kasali claimed that both Charm Hair Extensions and Lola’s Level had numerous employees and significant payroll expenses. Investigations would reveal that neither entity has employees nor pays wages consistent with the amounts claimed in the loan applications.