A Las Vegas man allegedly stole about $ 2 million in COVID-19 federal aid funds for small businesses – all in order to buy luxury cars and homes, prosecutors said.
Jorge Abramovs was charged with bank fraud after claiming funds from the Wage Protection Program between April and June 2020, the Las Vegas Review-Journal reported.
Prosecutors have accused Abramovs of using a variety of company names, including National Investment Group Corporation, National Legal Advisors In Care Of and National Investment Group, when requesting help.
In a single request, Abramovs claimed that NIGC had 18 employees and an average monthly salary of $ 64,797.
Another lawsuit claimed that NIGC had 49 employees with a salary of $ 55,235, according to a federal criminal complaint obtained by the store.
In all, Abramovs allegedly escaped $ 1,986,737.46 in fraudulent PPP loans, the complaint said.
He allegedly used these funds to buy a Bentley Continental GT Convertible 2020 for $ 260,982, a Tesla 2020 and two luxury Las Vegas condominiums, priced between $ 225,000 and $ 415,000, prosecutors say.
Abramovs was ordered to be remanded in custody during a detention hearing on Friday.