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KUNR Today: City Of Reno To Require COVID Vaccine For Employees, Elko Hospital Near Capacity
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Nevada man pleads guilty to stealing over $1 9 million in COVID-relief fraud scheme and failing to pay over employee tax contributions to the IRS
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Details Written by Justice Department
Las Vegas, Nevada - A Nevada man was charged in an indictment Wednesday for his alleged participation in a scheme to defraud multiple financial institutions by filing bank loan applications that fraudulently sought more than $1.9 million dollars in forgivable loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
Nicholas L. McQuaid, Acting Assistant Attorney General of the Justice Department’s Criminal Division; Nicholas A. Trutanich, U.S. Attorney of the District of Nevada; Aaron C. Rouse, Special Agent in Charge of the FBI’s Las Vegas Field Office; and Weston King, Special Agent in Charge of the SBA Office of the Inspector General’s (OIG) Western Region Office made the announcement.
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.
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Authorities in Nevada arrested a man on charges of defrauding multiple banks out of almost $2 million worth of loans through the Paycheck Protection Program (PPP).
Jorge Abramovs, 40, of Las Vegas, is accused of making dozens of loan applications with three different company names and falsely claiming to have several employees earning wages according to a press release from the Department of Justice (DOJ). The loans were guaranteed to be forgivable under the CARES Act.
Abramovs was arrested on Jan. 17 and has been charged with bank fraud. As of Jan. 22, he is being detained while he awaits trial. The maximum penalty for bank fraud is a $1 million fine and up to 30 years in prison.
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