Man used $ 2M in COVID relief for Bentley, Tesla, Las Vegas condos: fed

A prosecution attorney said a man from Las Vegas allegedly stole $ 2 million in federal COVID-19 relief funds for small businesses – so he could buy luxury cars and homes, prosecutors said .

The Las Vegas Review-Journal reported that George Abramovs has been accused of bank fraud after allegedly applying for a Paycheck Protection Program fund between April and June 2020.

Prosecutors alleged that Abramovs used multiple company names, including National Investment Group Corporation, National Legal Advisors Care and National Investment Group, when applying for assistance.

In one application, Abramovs claimed that NIGC had 18 employees and the average monthly payroll was $ 64,797.

Another application claimed that according to a federal criminal complaint received by the outlet, the NIGC had 49 employees with a payroll of $ 49,235.

In total, Abramovs moved away from the complaint states with $ 1,986,737.46 in allegedly fraudulent PPP loans.

He said he allegedly used those funds to buy the Bentley Continental GT convertible for $ 260,982, 2020 Tesla and two luxury condominiums in Las Vegas ranging from $ 225,000 to $ 415,000.

Abramovs was remanded in custody during a custody hearing on Friday.


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