Feds: Man Spent $2M Bailout On Bentley, Condos

The Las Vegas Journal-Review reports:

A Nevada man has been charged with fraudulently obtaining nearly $2 million in federal Paycheck Protection Program money, meant for struggling small businesses, to purchase luxury cars and two luxury condominiums in Las Vegas.

Federal prosecutors from the U.S. Attorney’s office in Nevada said, in an unsealed criminal complaint that charges Jorge Abramovs with one count of bank fraud, that the Las Vegas man allegedly applied for PPP funds between April and June 2020 to at least seven banks.

“Financial analysis shows that Abramovs spent the money on purchases of luxury items for himself, including the purchase of a 2020 Bentley, a 2020 Tesla, and two condominiums located in Veer Towers in Las Vegas, Nevada,” according to the criminal complaint.

Read the full article. Yet more Trumpian vetting.