American Millionaire Seth Bernstein Who Lied To Barcelona Cops That His Stolen $45K Hublot Watch Was Worth $800K Accused Of COVID-19 Fraud – BlackSportsOnline
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American Millionaire Seth Bernstein Who Lied To Barcelona Cops That His Stolen $45K Hublot Watch Was Worth $800K Accused Of COVID-19 Fraud

American millionaire Seth Bernstein for whatever reason lied to the Barcelona cops that his stolen $45K Hublot watch was worth a whopping $800K and now, he’s been “probed over claims he siphoned off $1m in COVID relief funds for his charter jet business weeks before it went bust”.

The Daily Mail got the details;

An American tourist suspected of exaggerating the value of his Hublot watch, stolen by muggers in Barcelona, is being investigated over claims he syphoned-off $1 million in COVID relief funds weeks before his charter jet business went bust.

On Thursday it emerged that Seth Bernstein was being investigated by the trustee overseeing the August 2020 bankruptcy of his charter jet company, JetReady.

He is accused of transferring a total of $1.6 million in funds out of the business inappropriately and owes a total of $5 million in debts as a result of his bankruptcy.

That cash includes most of a $1.1 million paycheck protection program loan (PPP). Those loans were created by the Trump administration to try and shield businesses from bankruptcy at the height of the COVID pandemic.

Bernstein has been accused of funneling the money into activities not related to JetReady, including a $25,000 donation to a fundraiser to build a drive-in theater in Nantucket, Massachusetts, $27,000 to a firm that builds sports fields at home, and almost $50,000 to a convicted fraudster pilot for unspecified services.

Bernstein, 46, from Florida, was on vacation in the Spanish city with his wife and children when he was mugged on June 2.

Surveillance camera footage released by the Spanish police shows the gang setting on Bernstein from behind and ripping the watch from his wrist, as four of his five children looked on.

Spanish police said that Bernstein told them his watch was worth $800,000, but the Swiss watch company said it was valued at $45,000. Bernstein told DailyMail.com he had no idea how much it cost, but said $800,000 to give the police a ballpark figure.

Despite the size of the alleged COVID relief fraud, Bernstein was able to reach a settlement with Department of Justice in August 2021 for $287,055.

People actually milked millions of dollars from this COVID-19 pandemic.

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