Man allegedly bought cars, real estate with fraudulent PPP loans
LAS VEGAS (FOX5/KVVU) A Las Vegas man was charged for allegedly participating in a COVID-19 bank loan scheme, resulting in $1.9 million in fraudulent assistance, the Nevada U.S. Attorney’s Office announced Thursday.
Jorge Abramovs, 40, was charged with five counts of bank fraud, one count of making false statements to a bank and five counts of money laundering, according to a law enforcement release.
According to law enforcement, Abramovs allegedly received nearly $2 million in Paycheck Protection Program (PPP) loans from seven different lenders. Abramovs reportedly submitted applications in the names of three different businesses and falsely claimed to have multiple employees earning wages, the indictment alleges.