SANTA ANA—An Orange County man was arrested May 7 on federal charges alleging he fraudulently obtained about $5 million in Payment Protection Program (PPP) loans for his sham businesses, then used the money on himself, including purchasing Ferrari, Bentley and Lamborghini sports cars. Mustafa Qadiri, 38, of Irvine, was named in a federal grand jury indictment returned Wednesday charging him with four counts of bank fraud, four counts of wire fraud, one count of aggravated identity theft, and six counts of money laundering, according to the U.S. Attorney’s Office. Qadiri surrendered to law enforcement and was expected to make his initial appearance May 7 in Santa Ana federal court. According to the indictment, Qadiri claimed to have operated four Newport Beach-based companies, none of which are currently in operation: All American Lending Inc., All American Capital Holdings Inc., RadMediaLab Inc. and Ad Blot Inc. In May and June of last …