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Audit of CARES Act - Interim Report 01
The audit objectives of this report were to determine if: (1) expenditures claimed for CARES Act funding comply with the Act’s expense eligibility requirements; (2) documentary evidence support expenditures claimed for CARES Act funding; and, (3) CARES Act periodic reports are accurate. The expenditures tested comply with the CARES Act’s eligibility requirements, and there is documentary evidence to support these expenditures.
Four Charged in $35 Million COVID-19 Relief Fraud Scheme
A federal grand jury in Houston returned a superseding indictment, which was unsealed today, charging four additional individuals for fraudulently obtaining and laundering millions of dollars in forgivable Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. In total, 15 individuals across two states have now been charged in the conspiracy.
Texas Man Arrested for COVID-19 Relief Scheme
A Texas man was arrested today for allegedly fraudulently obtaining over $3.3 million in Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
Texas Woman Convicted of COVID-19 Relief Fraud
A federal jury convicted a Texas woman today for defrauding the Paycheck Protection Program (PPP) of over $1.9 million in loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
Texas Man Sentenced to More Than Nine Years in COVID-19 Fraud and Money Laundering Scheme
A Texas man was sentenced today to 110 months in prison for his scheme to fraudulently obtain and launder proceeds from more than $1.6 million in Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief and Economic Security (CARES) Act.
Economic Recovery Funds: City Effectively Manage COVID-19 Relief Money
The overall objective of this report was to see if the the City effectively managed the distribution of economic recovery funds. The City created several programs using federal and local funding to provide economic relief to residents and organizations impacted by the COVID-19 pandemic. These programs included providing financial assistance to Austin renters, small businesses, artists, and others. We found the City effectively managed the distribution of these economic relief funds. The Economic Development Department appears to have provided funding timely to eligible residents and...
Audit of the Office of Homeless Solutions
The objective of this audit was to evaluate if: (1) the Office of Homeless Solutions Rapid ReHousing Program aligns with governance requirements and meets the City's objectives for the program; and, (2) the CARES Act federal funding has been used appropriately. The Office of Homeless Solutions Rapid ReHousing Program and CARES Act spending generally met requirements and have opportunities to improve. The Rapid ReHousing Program did not have policies and procedures, and its process for requiring background checks was not effective or fully documented.
Two Men Plead Guilty in Multimillion-Dollar COVID-19 Relief Scheme
Two individuals pleaded guilty today in the Southern District of Texas for their participation in a scheme to fraudulently obtain and launder millions of dollars in forgivable Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security Act.