A Las Vegas man reportedly stole about $ 2 million in federal aid funds COVID-19 for small businesses – all so that he could buy luxury cars and homes, prosecutors said.
Jorge Abramovs was accused of bank fraud after allegedly requesting funds from the Salary Protection Program between April and June 2020, reported the Las Vegas Review-Journal.
Prosecutors accused Abramovs of using several company names, including National Investment Group Corporation, National Legal Advisors In Care Of and National Investment Group, when requesting assistance.
In one application, Abramovs claimed that NIGC had 18 employees and an average monthly payroll of $ 64,797.
Another application claimed that NIGC had 49 employees with a payroll of $ 55,235, according to a federal criminal complaint obtained by the media.
In total, Abramovs reportedly escaped with $ 1,986,737.46 in fraudulent PPP loans, the complaint states.
He allegedly used those funds to buy a 2020 Bentley Continental GT convertible for $ 260,982, a Tesla 2020 and two luxury condos in Las Vegas with prices between $ 225,000 and $ 415,000, promoters say.
Abramovs was sentenced to pre-trial detention during a detention hearing on Friday.