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Nevada Man Fraudulently Gets $500K Coronavirus Relief Funds

LAS VEGAS (AP) — A Nevada man has been accused of fraudulently obtaining about $500,000 in loans from COVID-19 relief programs and then laundering the money through friends and family so he could buy a house.

Authorities say 49-year-old Brandon Casutt of Henderson was arrested last Friday and made his initial court appearance Tuesday before a federal judge.

The criminal complaint accuses Casutt of making false statements to a financial institution, wire fraud, bank fraud, concealment money laundering, and engaging in unlawful monetary transactions. 

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Casutt allegedly received a Paycheck Protection Program loan of about $350,000 in the name of a fake business and an Economic Injury Disaster Loan of about $150,000 in the name of a bogus charity.