Nevada Man Charged With Defrauding PPP of Almost $2M

Nevada Man Charged With Defrauding PPP of Almost $2M

( – In 2020, Congress and former President Donald Trump passed the CARES Act to help the American people during the pandemic. The bill included money for small businesses as part of the Paycheck Protection Program (PPP). While the program helped many independent businesses, there was rampant misuse as well. We’re now learning of another person being charged with crimes related to that abuse.

On Wednesday, January 27, the Department of Justice charged a Nevada man, Jorge Abramovs, 40, with money laundering, bank fraud, and making false statements to a bank. He allegedly defrauded the PPP of $2 million, then used the money to purchase a Bentley and a Tesla, pay his mortgage, and buy more property.

A day after the DOJ announced charges against Abramovs, they issued a press release naming six more individuals involved in a separate $3-million PPP scheme.

Abramovs and the six others account for just a small number of the PPP fraud arrests since the CARES Act went into effect. The DOJ has prosecuted more than 100 people in over 70 cases and “seized more than $60 million in case proceeds” as well as other luxury goods from the fraudulent schemes. The federal agency asks you to call 866-720-5721 to report suspected fraud, or go to their website. Every time someone steals from the program, they take money from those who really need it.

Copyright 2021,