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Man accused of gambling away Covid relief funds in Vegas

Security camera footage of Andrew Marnell sitting at a blackjack table. He was arrested and ordered held without bond on July 16, 2020 for fraudulently obtaining some $9 million in Covid relief funds and using some of the money to gamble in Las Vegas. PHOTO | US DEPARTMENT OF JUSTICE | AFP

By  AFP

What you need to know:

  • Prosecutors say he used some of the money to make risky stock market bets, and squandered hundreds of thousands of dollars at the Bellagio Hotel and Casino.

A California man was arrested and ordered held without bond on Thursday for fraudulently obtaining some $9 million (about Sh967 million) in coronavirus relief funds and using some of the money to gamble in Las Vegas.

Andrew Marnell, 40, a resident of the Beverly Grove neighbourhood of Los Angeles, allegedly submitted a number of fraudulent loan applications in relation to the coronavirus pandemic and obtained millions in Paycheck Protection Program (PPP) funds.

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