Nearly 500 Charged For COVID-19 Fraud In US

Nearly 500 individuals have been charged within the United States for fraud schemes (Representational)


Nearly 500 individuals have been charged within the United States for fraud schemes involving greater than half a billion {dollars} in Covid-19 reduction, the Justice Department stated Friday.

“The Department of Justice has led an historic enforcement initiative to detect and disrupt Covid-19 related fraud schemes,” Attorney General Merrick Garland stated in an announcement.

A complete of 474 defendants have been charged in instances involving makes an attempt to fraudulently get hold of over $569 million {dollars}, the division stated.

Garland stated the anti-fraud operation “sends a clear and unmistakable message to those who would exploit a national emergency to steal taxpayer-funded resources from vulnerable individuals and small businesses.”

“We are committed to protecting the American people and the integrity of the critical lifelines provided for them by Congress,” he stated in a reference to the billions of {dollars} in reduction accredited by lawmakers.

At least 120 of these charged sought to fraudulently get hold of funds from the Paycheck Protection Program (PPP) designed to assist small companies.

In one Texas case, a defendant sought $24.8 million by making use of for 15 completely different PPP loans from eight completely different lenders utilizing 11 corporations.

“The defendant obtained approximately $17.3 million and used the proceeds to purchase multiple homes, jewelry, and luxury vehicles,” the division stated.

The Justice Department stated worldwide organized legal teams had been making use of for unemployment advantages utilizing stolen identities.

It stated it was additionally cracking down on fraud schemes focusing on customers by scammers looking for to promote pretend cures and coverings for coronavirus.

“The department has prosecuted or secured civil injunctions against dozens of defendants who sold products — including industrial bleach, ozone gas, vitamin supplements, and colloidal silver ointments — using false or unapproved claims about the products’ abilities to prevent or treat Covid-19 infections,” it stated.

(Except for the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)

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