Playing table games on the Las Vegas Strip is not considered a decent payment – Man Arrested for Gambling Earned with $ 9 Million Fraud, A California man was arrested after gambling by collecting $ 9 million for applying to cheat on a Salary Protection Program loan.
According to the CBS Report, Andrew Marnell used the money to conduct “risky stock market trading” and gamble on the Las Vegas Strip. The 40-year-old lost hundreds of thousands of dollars at the Bellagio and several other Strip casinos visiting the jasapoker.
Marnell faces bank fraud charges and faces up to 30 years in prison if convicted. He is scheduled to return to court next Tuesday.
Los Angeles natives have filed numerous fraudulent applications with federal programs initiated to help ease the economic situation of the COVID-19 epidemic. The program allows small businesses to receive loans from the federal government to keep employees on the payroll.
The Small Business Administration will forgive the loan if the employee retention criteria are met and the funds are used for eligible expenses.