Federal officials from the US Secret Service have helped recover around $2 billion in fraudulently obtained Covid-19 relief funds and seized more than $640 million from accused fraudsters, the agency says.
Federal officials from the US Secret Service have helped recover around $2 billion in fraudulently obtained Covid-19 relief funds and seized more than $640 million from accused fraudsters, the agency said Wednesday.
Biden administration winds down Trump's pandemic food box programOne year into the pandemic, the Secret Service has opened 690 cases regarding unemployment insurance fraud, on top of another 720 Economic Injury Disaster Loan and Paycheck Protection Program fraud investigations and inquiries.
Among the top targets by prosecutors were fraudsters trying to steal from the Paycheck Protection Program, with people running schemes ranging from exaggerating their business expenses to concocting fake companies to get funding. In one Texas case, a man pleaded guilty to seeking $24.8 million in PPP loans using the names of 11 different companies to make loan applications to 11 lenders. He managed to obtain $17.
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