DALLAS (AP) - A North Texas man has been charged with multiple counts, including fraud and money laundering, after authorities accused him of applying fraudulently for $3 million from the federal coronavirus relief fund. Federal prosecutors say Fahad Shah was arrested Tuesday on three counts of wire fraud, one count of making false statements to a bank and four counts of money laundering. A federal indictment alleges that the 44-year-old suburban Dallas man fraudulently applied for $3 million in forgivable Paycheck Protection Program loans. The indictment says he got more than $1.5 million that he used to buy a Tesla and make personal investments and home mortgage payments.

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