Mauricio Umansky Sued for Allegedly Receiving $3.5M in Fraudulent Pandemic Relief Loans; Mother-Daughter Duo Indicted in $2 Million COVID-19 Pandemic Unemployment Fraud Scheme, and other C-Virus related stories
Mauricio Umansky sued for allegedly receiving $3.5M in fraudulent pandemic relief loans:
Mauricio Umansky is being sued for allegedly obtaining more than $3.5 million in fraudulent pandemic relief loans.
According to InTouch, Realtor LLC claimed in its July 2023 complaint that Umansky, 54, and his business partner, William “Billy” Rose, via their luxury real estate firm, The Agency, applied for and received two Payroll Protection Program (PPP) and CARES Act loans totaling $3,521,153.
The programs were created during the COVID-19 pandemic to help prevent the termination of employees by providing loans to businesses that were unable to pay their workers.
Realtor LLC alleged in its filing that The Agency — which was showcased on the recently canceled Netflix reality show “Buying Beverly Hills” — was among the many “large, profitable” companies that obtained their pandemic loans by “misrepresenting their financial situations, claiming their businesses were eligible when they were not, or … misrepresenting how the funds would be used.”
The lawsuit alleged that Umansky and Rose “falsely certified that ‘current economic uncertainty makes this loan request necessary to support the ongoing operations’” of The Agency.
“In addition, the amounts they applied for and received exceeded the loan limit of 2.5 monthly salary with a cap of $100,000 annual salary per employee,” the complaint claimed, adding that the men “later applied for and received full loan forgiveness, knowing they were ineligible for the loans in the first place.”
The filing argued that The Agency’s profits “would have been minimally impacted, if at all, because their revenue was based on a percentage of real estate transactions, typically between millionaires and billionaires, not consumers who were unable to buy goods or dine out because of the COVID-19 restrictions.” —>READ MORE HERE
Mother-daughter duo indicted in $2 million COVID-19 pandemic unemployment fraud scheme:
A Franklin County grand jury has indicted a mother, daughter and the daughter’s boyfriend on multiple felonies, accusing them of stealing nearly $2 million in a pandemic unemployment fraud scheme, according to the Office of the Ohio Inspector General.
Velma Cain, 48; her daughter, Rashanna Burley, 24, both of Columbus; and Burley’s boyfriend, Kyson Murphy, 25, each face charges including theft, money laundering, records tampering and corruption. Cain faces a theft in office charge.
The Office of the Ohio Inspector General announced the charges on Thursday.
The mother and daughter worked as contractors for the state, processing claims for unemployment during the coronavirus pandemic. At the time, the Ohio Department of Job and Family Services was dealing with an unprecedented number of claims, including for pandemic relief funds like Pandemic Unemployment Assistance, according to the Inspector General’s investigation.
Investigators allege that Cain improperly approved about $1.5 million and Burley approved about $350,000 in unemployment claims for relatives or personal associates.
Burley worked for the Ohio Department of Job and Family Services (ODJFS) from Dec. 15, 2020, to Jan. 13, 2021, after the department audited her work and identified what it called 20 fraudulent claims. Soon after, Cain got a job at the department Jan. 19, 2021, and worked there until Jan. 4, 2022, when the FBI got an anonymous tip about fraud. —>READ MORE HERE
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