A Las Vegas man has reportedly stolen about $ 2 million in federal COVID-19 small business emergency funds – all so he could buy luxury cars and homes, prosecutors said.
Jorge Abramovs has been accused of bank fraud after allegedly requesting money for the Paycheck Protection Program between April and June 2020, the Las Vegas Review-Journal reported.
Prosecutors charged Abramovs with several company names, including National Investment Group Corporation, National Legal Advisors In Care Of, and National Investment Group, when applying for the aid.
In one filing, Abramovs claimed that NIGC had 18 employees and an average monthly payroll of $ 64,797.
Another filing claimed that NIGC had 49 employees with a payroll of $ 55,235, according to a federal criminal complaint obtained by the outlet.
In total, Abramovs would have gotten away with $ 1,986,737.46 in fraudulent PPP loans, the complaint said.
He would have used that money to buy a 2020 Bentley Continental GT Convertible for $ 260,982, a 2020 Tesla and two luxury Las Vegas apartments ranging in price from $ 225,000 to $ 415,000, prosecutors say.
Abramovs was remanded into custody during a detention hearing on Friday.