Dozens charged with small business coronavirus aid fraud

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Dozens charged with small business coronavirus aid fraud

The Justice Department said 57 people have been accused of trying to steal more than $ 175 million from the Paycheck Protection Program, which provides small businesses with emergency loans during the pandemic.

In conjunction with previous charges brought by the Criminal Division’s Fraud Section since early May this year, bring the total number of defendants charged by the Criminal Division with PPP fraud to 57. These numbers are telling – the cases we have accused involve attempts to steal over $ 175 million from P3s and actual losses to the federal government of over $ 70 million. Thanks to our swift efforts to date, we have been able to recover or freeze over $ 30 million in P3 funds. And we plan to add to that total in the future as we seize additional funds and liquidate the assets the defendants have purchased using illegally obtained PPP funds. Our fraud cases vary in size and scope, ranging from claims of just $ 30,000 to, as I mentioned earlier, about $ 24 million, and they span across the country. We have laid charges in as many as 19 separate judicial districts across the United States.

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