Virginia Man Uses $350,000 PPP Loan For Las Vegas Trip

A businessman in Virginia used $350,000 in emergency coronavirus aid to treat himself to a Las Vegas vacation.

Scott Suber, 39, pleaded guilty to bank fraud on Wednesday in a federal court in Norfolk, Virginia. Suber lied about how many people he employed at Debris or Not Debris Property Preservation, Inc., and their wages on a loan application for the Paycheck Protection Program.

The PPP program as initially authorized by Congress to provide loans with a low interest rate to small businesses so they could continue to pay their staff, rent, etc. during the pandemic.

Court records show that Suber changed the dates on bank documents so that his business would be eligible for a PPP loan, The Virginian Pilot reported. He also fabricated tax documents for his application.

He was eventually approved for a $350,000 loan that was put in the business's bank account. Suber began making large withdraws and used the money on himself and a trip to Las Vegas.

Suber won't be sentenced until May but he faces up to 30 years in prison.

Others have be caught using PPP funding for luxury items to not related to business. A man in Texas used $17 million to buy at least five homes and two cars, while a man in Florida used PPP loans on a brand new Lamborghini.

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