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Mauricio Umansky Sued for Allegedly Receiving $3.5M in Pandemic Relief Loans

Umansky and his real estate company have been accused of obtaining $3.5 million in PPP loans.

According to InTouch, Realtor LLC claimed in its July 2023 complaint that Umansky, 54, and his business partner, William “Billy” Rose, through their luxury real estate firm, The Agency, applied for and received two Paycheck Protection Program (PPP) and CARES Act loans totaling $3,521,153. The filing argued that The Agency’s profits “would have been minimally impacted, if at all, because their revenue was based on a percentage of real estate transactions, typically between millionaires and billionaires, not consumers who were unable to buy goods or dine out because of the COVID-19 restrictions.” A representative for The Agency denied the allegations, telling multiple outlets, “Like many companies, we faced significant challenges during the COVID-19 pandemic, including layoffs and cutbacks.

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