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Department of Justice
Southern District of Florida Takes Sweeping Action Against CARES Act Fraud
The United States Attorney for the Southern District of Florida, the Acting Assistant Attorney General of the United States Department of Justice’s Criminal Division, and representatives from their partner law enforcement agencies announced today an update on their criminal enforcement efforts in South Florida to combat fraud under the CARES Act, the relief legislation that Congress passed one year ago to help individuals and businesses financially survive the COVID-19 pandemic. In particular, the enforcement efforts announced today include prosecutions against defendants accused of trying to...
Department of Justice
Hialeah Tax Preparer Charged with COVID-19 Loan Fraud
A South Florida tax preparer was charged Tuesday by criminal information with wire fraud in connection with a scheme to obtain over 100 COVID-19-relief loans under the Paycheck Protection Program (PPP).
Department of Justice
Dayton ‘investigation & security’ business owner sentenced to prison for COVID-relief fraud
DAYTON – A Dayton woman was sentenced in federal court today to prison for fraudulently obtaining more than $2.5 million in pandemic relief loans.
Small Business Administration OIG
Duplicate Loans Made Under the Paycheck Protection Program
SBA OIG reviewed PPP regulations and the Paycheck Protection Program and Health Care Enhancement Act, in addition to guidance published in SBA’s PPP Interim Final Rules and PPP Frequently Asked Questions.We determined SBA did not always have sufficient controls in place to detect and prevent duplicate PPP loans. As a result, lenders made more than one PPP loan disbursement to 4,260 borrowers with the same tax identification number and borrowers with the same business name and address. These disbursements totaled about $692 million for PPP loans approved from April 3 through August 9, 2020.We...
Department of Justice
Four Additional Members of Los Angeles-Based Fraud Ring Indicted for Exploiting COVID-Relief Programs
A federal grand jury in Los Angeles returned a superseding indictment, which was unsealed Thursday, charging four additional individuals for their alleged participation in a scheme to submit over 150 fraudulent loan applications seeking over $21.9 million in COVID-19 relief funds guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
Department of Justice
Man Pleads Guilty to Directing COVID-Relief Fraud Scheme
A Wisconsin man pleaded guilty today for his role in fraudulently obtaining over $1 million in Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.