FOX NEWS: California man charged in $8.5M coronavirus PPP loan fraud allegedly spent cash on stock market, in casino

California man charged in $8.5M coronavirus PPP loan fraud allegedly spent cash on stock market, in casino

A Los Angeles man allegedly scammed a federal program aimed at helping small businesses survive the coronavirus pandemic for millions of dollars – much of which he blew through risky investments and at a Las Vegas casino, prosecutors said Thursday.

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