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NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.
Security camera footage of Andrew Marnell sitting at a blackjack table
A California man was arrested and ordered held without bond on Thursday for fraudulently obtaining some $9 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.
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 and other gambling establishments in Las Vegas as recently as last weekend.
The PPP loans were part of the unprecedented $2.2 trillion CARES Act, which provided aid for millions of Americans suffering the economic effects of the pandemic.
Authorities said Marnell, who was due back in court next Tuesday, faces up to 30 years in prison on the bank fraud charge. (AFP)
