The Secret Service has opened at least 3,850 investigations into pandemic-related fraud inquiries. The agency says it has seized at least $1.4 billion that fraudsters obtained since 2020.
The funds, originally a form of aid to businesses struggling during the early days of the COVID-19 pandemic, were obtained by scammers using fake identities and dummy accounts,The conspirators used fake IDs to apply for the COVID-19 relief funds and created more than 15,000 accounts using Green Dot Bank "to conceal and move their criminal proceeds" with debit cards, the Secret Service said.
Green Dot told the Secret Service about the accounts after the bank discovered the suspicious activity, per
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