Haider Zafar, 36, formerly of Dublin, Ohio, pleaded guilty in U.S. District Court to multiple wire fraud, money laundering, and federal income tax charges relating to his $10 million fraud scheme involving false representations about investments in Pakistani real estate…
According to court documents, Zafar, who also resided in south Florida, told the primary victim of his scheme that his uncle was the Minister of Defence of Pakistan and was responsible for acquiring land on behalf of the Pakistani government. Zafar solicited the victim to be his partner in acquiring the land prior to the Pakistani government purchasing it then selling land to the government at a greatly inflated price. Between January 2008 and February 2010, Zafar caused his victim to wire $10,115,000 into accounts Zafar controlled. Zafar used the money to support a lavish lifestyle, including purchases of luxury automobiles and watches.
Zafar reported a taxable income of zero on his 2007 federal income tax return, omitting $221,500 in taxable income. Zafar earned more than $10 million between 2008 and 2010 but did not file income tax returns.
FBI press release link: click here