Mauricio Umansky. Vivien Killilea/Getty Photos for Tequila Don Julio
Mauricio Umansky has been accused of fraudulently acquiring $3.5 million from pandemic aid loans.
In accordance with court docket paperwork obtained by Us Weekly on Thursday, August 29, Realtor LLC claimed in a brand new lawsuit that Umansky, 54, and his actual property firm, The Company, utilized for and obtained two Payroll Safety Program (PPP) and CARES Act loans within the complete quantity of $3,521,153.00.
This system was created to assist forestall the termination of staff by offering loans to companies that have been unable to pay staff because of the influence of the COVID-19 pandemic. The lawsuit accused Umansky’s firm of “falsely” certifying their want for the loans to pay their staff. The docs said the quantities The Company “utilized for and obtained exceeded the mortgage restrict of two.5 month-to-month wage with a cap of $100,000 annual wage per worker.”
Realtor LLC alleged that Umansky’s firm would have been minimally impacted by the pandemic shutdown as a result of their income got here from actual property transactions “sometimes between millionaires and billionaires,” not shoppers who have been unable to purchase items due to the restrictions from the shut-down. The submitting claimed that The Company’s enterprise “grew massively” through the pandemic by incomes $6.5 billion in 2020 and $11.2 billion the next 12 months.
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“With this data, Defendants would have retained important reserves to proceed to pay their staff. To do in any other case would have been grossly irresponsible, particularly for specialists in the true property markets,” the docs learn. “As alleged above, Defendants expressly didn’t maintain themselves out as grossly irresponsible and their expertise and success confirms they weren’t.”
The lawsuit requested the court docket that Umansky and his enterprise pay equal to 3 occasions the quantity of damages triggered.
In Contact was the primary to report the information. Umansky denied the allegations to the outlet. A rep for the company addressed the allegations to Us.
“Whereas we’re unable to touch upon ongoing litigation, we wish to emphasize that The Company has all the time operated with the very best stage of integrity in all elements of our enterprise. Like many firms, we confronted important challenges through the COVID-19 pandemic, together with layoffs and cutbacks,” the assertion learn. “Our focus has all the time been, and particularly throughout that difficult interval, on delivering distinctive service to our clients and supporting our staff. The claims on this case don’t replicate the fact of our operations and monetary state of affairs on the time we filed for our PPP loans, and we intend to vigorously defend in opposition to these meritless claims.”
Kyle Richards and Mauricio Umansky have been married for greater than 20 years earlier than they shocked followers with their separation in 2023. Richards was beforehand married to Guraish Aldjufrie, with whom she shares daughter Farrah, from 1988 to 1992. She met Umansky in 1994, and the couple exchanged vows two years later. Richards was 4 months […]
Umansky is finest identified for his relationship with Actual Housewives of Beverly Hills star Kyle Richards. The couple break up in July 2023 after 27 years of marriage. The estranged couple, who’ve but to file for divorce, share daughters Alexia, 28, Sophia, 24, and Portia, 16. Umansky can be stepfather to Richards’ daughter Farrah, 35, whom she shares with ex-husband Guraish Aldjufrie.
After showing on RHOBH for a number of seasons, Umansky received his personal Netflix sequence, Shopping for Beverly Hills, that adopted his work life at The Company, which he based in 2017. Within the sequence, Umanskey works alongside his daughters Farrah and Alexia. The present was canceled earlier this 12 months by Netflix following season two.
