NOVELTY, Ohio—Police say an Ohio man who claims he’s worth $120 million and is the son of a late former Iranian prince hid his wealth in order to collect food stamp payments and Medicaid.
WKYC-TV reports authorities last week raided the sprawling, 8,000-square-foot suburban Cleveland home of Ali Pascal Mahvi.
For two years Mahvi’s family collected about $300 a month in food stamps. They also received Medicaid.
But officials say the family has numerous bank accounts with a combined value of more than $4 million that weren’t disclosed when he applied for benefits.
Mahvi denies any wrongdoing and maintains he’s eligible for aid since his home—worth more than $800,000—and personal belongings don’t prevent him from receiving government assistance.
No charges have been filed.