A Nevada man was arrested earlier this month after allegedly posing as the owner of a downtown Las Vegas hotel and coercing employees to give him over $1 million, according to reports.

FOX 5 in Las Vegas reported the Las Vegas Metropolitan Police said an employee at the hotel, which is located on Fremont Street, was contacted by a man claiming to be the owner of the hotel.

The man, who was later identified as 33-year-old Erik Gutierrez-Martinez, told the supervisor of the cashier cage to give him $320,000 to go toward "an emergency payment to the fire department for fire safety devices," according to the police report.

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Erik Gutierrez-Martinez mugshot

Erik Gutierrez-Martinez booking photo (LVMPD)

The supervisor complied and gave the money to the unknown man at a gas station. The supervisor then did the same thing two more times, the news station reported, bringing the total to $1,170,000, after meeting the person at two more businesses.

The report notes that this incident is similar to another that happened at a different property in Clark County, as well as an incident in another state.

Investigators tracked the vehicle driven by the person who accepted the cash, which led them to Gutierrez-Martinez.

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Playing cards and casino chips

Playing cards, Casino chips (iStock)

When investigators searched his home, they discovered $849,000 in cash separated into bundles labeled, "Circa." Investigators are reportedly looking for the additional money.

Gutierrez-Martinez was arrested on June 18, and charged in connection to the scheme. A judge ordered him to be held on $25,000 bail.

The CEO of Circa, Derek Stevens, turned to social media with a statement about the incident.

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"Although I love a good PR story, this isn’t one of them," he said on Twitter. "@CircaLasVegas is cooperating with @LVMPD in this investigation. We greatly appreciate their efforts to date and cannot comment further due to an ONGOING investigation."