31.1 C
Delhi
Monday, September 26, 2022

US Welcomes Belarus Release of Journalist, Urges More

https://ift.tt/QmutEJF United States on Sunday welcomed the...

US Spy Satellite Launched into Orbit from California

https://ift.tt/NEtSzWd classified satellite for the U.S. National...

Tropical Storm Ian Strengthens as it Heads to Cuba, Florida

https://ift.tt/r0qMwPn and residents in Florida were keeping...

Shocking scale of Covid relief fraud revealed

Nearly $100 billion in Covid-19 relief payments has been stolen by criminals since the beginning of the pandemic, according to the Secret Service, which has launched a campaign to recover the money.

Almost $100 billion of the $3.5 trillion given out by the US government in programs such as the Paycheck Protection Program and the Economic Injury Disaster Loan program has been fraudulently taken, with just over $2.3 billion recovered so far.

The Secret Service – which has more than 900 active investigations into the stolen funds – appointed Special Agent Roy Dotson as its National Pandemic Fraud Recovery Coordinator on Tuesday and the US government is now working with private companies, including PayPal, to recover the money.

Dotson told CNBC that it was “shameful to think that individuals would take advantage of these programs” and “target them for their own personal advantage.”

Read more

A woman walks past British-made luxury sports car Aston Martin, at Daytona dealership in Sandton, South Africa, December 14, 2018
Man spent millions in Covid relief payments on luxury cars & private jets

“I have been in law enforcement for over 29 years and worked some complex fraud investigations for 20+ years and I’ve never seen something at this scale,” Dotson insisted, noting that the loss is so high “because the pot was so big.”

“There’s no doubt that the programs were easily accessible online. And so, with that, comes the opportunity for bad actors to get into that mix,” he explained.

The bad actors allegedly include organized crimes groups, but also individuals who saw the relief programs as a get rich quick scheme.

One Texas man was arrested last week after he scammed the government out of $3.3 million in relief payments, which he spent on real estate, luxury vehicles, and private jets.

Another Texas man was sentenced to over nine years in prison in November for spending over $1.6 million in relief payments on a life of luxury, including a $14,000 Rolex watch, a Lamborghini, and strippers.

https://ift.tt/3EiFiCO 22, 2021 at 10:41AM
from RT – Daily news

Support Us

Secured by Paypal

Related Stories

Check out other tags:

Most Popular Articles