Man accused of stealing $8M in virus relief money, gambling in Las Vegas

Los Angeles man accused of swindling PPP, blowing money on risky stock bets and Vegas trip | Las Vegas Review-Journal

A Los Angeles man collected $8M through fraudulent SBA PPP loans, on behalf of different companies, and then gambled part of it away in Vegas, at the Bellagio, and part away on risky stocks, but apparently applied none of it as it was intended - for company payrolls.

Now he's in in federal custody, with no bail.