Mauricio Umansky.
Vivien Killilea/Getty Images for Tequila Don JulioMauricio Umansky has been accused of fraudulently obtaining $3.5 million in pandemic relief loans.
According to court documents obtained by Us Weekly on August 29, Realtor LLC claimed in a new lawsuit that Umansky, 54, and the real estate company, Agency, applied for and received both Payroll Protection Program (PPP) and CARES Act loans in the total amount of $3,521,153.00.
The program was created to prevent layoffs by providing loans to businesses that are unable to pay their employees due to the impact of the COVID-19 pandemic. The lawsuit accuses Umansky’s company of “falsely” certifying that it needed a loan to pay employees. The document states the amount the Agency “applied for and received exceeds the loan limit of 2.5 monthly salaries with an annual salary cap of $100,000 per employee.”
Realtor LLC asserted that Umansky’s company would be least affected by the pandemic’s shutdown because it results from real estate transactions “mostly between millionaires and billionaires,” not consumers who can’t buy things because of shutdown restrictions. The filing said that the Agency’s business “grew significantly” during the pandemic by earning $6.5 billion in 2020 and $11.2 billion the following year.
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“With this knowledge, the Defendant will have significant reserves to continue paying employees. To do otherwise would be irresponsible, especially for experts in the real estate market,” read the docs. “As alleged above, the Defendants emphatically do not consider themselves to be irresponsible and their experience and success assert that they are not.”
The lawsuit asks the court to order Umansky and his business to pay the equivalent of three times the amount of damages caused.
In Touch was the first to report the news. Umansky denied the allegations to the outlet. A rep for the agency made the allegations us.
“While we cannot comment on ongoing litigation, we would like to emphasize that the Agency has always acted with the highest level of integrity in all aspects of our business. Like many companies, we are facing significant challenges during the COVID-19 pandemic, including layoffs and cuts,” the statement said. “Our focus has always been, and especially during these challenging times, to provide exceptional service to our customers and support our employees. The lawsuit in this case does not reflect the reality of our operations and financial situation when we filed the PPP loan, and we intend to defend it vigorously against these undeserved claims.
Kyle Richards and Mauricio Umansky were married for more than two decades before they shocked their fans by separating in 2023. Richards was previously married to Guraish Aldjufrie, with daughter Farrah, from 1988 to 1992. He met Umansky in 1994, and the couple exchanged vows years later. Richards is four months old (…)
Umansky is famous for his association with The Real Housewives of Beverly Hills star Kyle Richards. The couple separated in July 2023 after 27 years of marriage. The estranged couple, who have not filed for divorce, show their daughters Alexia, 28, Sophia, 24, and Portia, 16. Umansky is also stepfather to Richards’ daughter Farrah, 35, who he shares with his ex-husband. Guraish Aldjufrie.
After looking at it RHOBH for several seasons, Umansky got his own Netflix series, Buy Beverly Hillswhich follows life at The Agency, which he founded in 2017. In the series, Umanskey works with his daughters Farrah and Alexia. The show was canceled earlier this year by Netflix after season two.
