Las Vegas man stole $12 million of COVID-19 relief money and bought luxury cars and homes prosecutors say
A Las Vegas man stole about $2 million of COVID-19 relief money from a small business and spent it on luxury cars and homes, prosecutors said.
Jorge Abramovs allegedly applied for Paycheck Protection Program funds between April and June 2020. In the application Abramovs used several company names, one of them was National Investment Group Corporation. He claimed that the company had 18 employees and an average monthly payroll of $64,797.
But in another application the information was different and the company had 49 employees with a payroll of $55,235, according to a federal criminal complaint obtained by the outlet.
In all Abramovs, allegedly got away with $1,986,737.46, according to the complaint.
He allegedly used those funds to purchase a 2020 Bentley Continental GT Convertible for $260,982, a 2020 Tesla, and two luxury condominiums in Las Vegas ranging in price from $225,000 to $415,000, prosecutors say.
Abramovs was ordered remanded in custody during a detention hearing on Friday.