News Ticker

Man accused of stealing $9 million from COVID-relief funds, spending it in Las Vegas

By Cody Miller | 16 July 2020

NBC 3 NEWS — The Department of Justice announced Thursday that it was charging Andrew Marnell, a 40-year-old resident of West Los Angeles, with stealing roughly $9 million from a COVID-19 relief program.

Marnell is accused of fraudulently obtaining the money through Paycheck Protection Program loans, then using the money to gamble in Las Vegas as well as grow his stock trading accounts.

A criminal complaint that was filed in a California court on Thursday shows that Marnell submitted numerous fraudulent loan applications, making misleading or even false statements about his companies’ business operations.

Often using aliases, the affidavit says, Marnell has submitted fake and altered documents, including bogus federal tax filings and employee payroll records. […]

  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

1 Comment on Man accused of stealing $9 million from COVID-relief funds, spending it in Las Vegas

Post a Comment

Winter Watch
%d bloggers like this: