Officials: Ohio Man Received Food Stamps by Hiding $4M

NOVELTY, Ohio (AP) -
A money changer poses for the camera with a U.S dollar (R) and the amount being given when converting it into Iranian rials (L), at a currency exchange shop in Tehran's business district, Iran, January 20, 2016. REUTERS/Raheb Homavandi/TIMA ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. FOR EDITORIAL USE ONLY.
A money changer poses for the camera with a U.S dollar (R) and the amount being given when converting it into Iranian rials (L), at a currency exchange shop in Tehran’s business district, Iran. (Reuters/Raheb Homavandi/TIMA )

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.