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Mauricio Umansky Sued for Allegedly Obtaining Fraudulent PPP Loans
‘Buying Beverly Hills’ star Mauricio Umansky has been sued for fraudulently obtaining $3.5 million in pandemic relief loans
According to court documents obtained by Us Weekly on Thursday, August 29, Realtor LLC claimed in a new lawsuit that Umansky, 54, and his real estate company, The Agency, applied for and received two Payroll Protection Program (PPP) and CARES Act loans in the total amount of $3,521,153.00. The program was created to help prevent the termination of employees by providing loans to businesses that were unable to pay workers due to the impact of the COVID-19 pandemic. Realtor LLC alleged that Umansky’s company would have been minimally impacted by the pandemic shutdown because their revenue came from real estate transactions “typically between millionaires and billionaires,” not consumers who were unable to buy goods because of the restrictions from the shut-down.
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