PPP

Riding the State Unemployment Fraud ‘Wave’

When a reliable method of scamming money out of people, companies or governments becomes widely known, underground forums and chat networks tend to light up with activity as more fraudsters pile on to claim their share. And that’s exactly what appears to be going on right now as multiple U.S. states struggle to combat a tsunami of phony Pandemic Unemployment Assistance (PUA) claims.

May 23, 2020 : Krebs on Security

By |2020-07-02T14:24:36+00:00May 23rd, 2020|COVID-19|Comments Off on Riding the State Unemployment Fraud ‘Wave’

The Wayward Hunt for Stimulus Fraud

The Justice Department has a tradition of not commenting on continuing investigations, but it’s sometimes subordinated to political imperatives. My interest was piqued when Brian Benczkowski, head of Justice’s criminal division, announced recently that the department had already uncovered signs of possible fraud by applicants for Paycheck Protection Program loans.

May 11, 2020 : Wall Street Journal

By |2020-07-02T14:26:17+00:00May 11th, 2020|COVID-19|Comments Off on The Wayward Hunt for Stimulus Fraud

COVID-19 Update: Federal Investigators Prepare to Investigate and Prosecute Fraud in Emergency Loan Programs

Emergency COVID-19 relief legislation signed into law by President Trump, including the Coronavirus Aid, Recovery, and Economic Security Act (“CARES Act”), has allocated more than $2 trillion in economic aid to individuals, businesses, non-profits and government entities adversely impacted by the pandemic.

April 25, 2020 : National Law Review

By |2020-07-02T14:29:50+00:00April 25th, 2020|COVID-19|Comments Off on COVID-19 Update: Federal Investigators Prepare to Investigate and Prosecute Fraud in Emergency Loan Programs