America ‘s COVID-19 fraud problem is worse than anyone possibly could have thought

Spread the love

But who exactly is behind it all varies widely and likely includes players from around the world. According to Fox Business, the Secret Service in America is helping lead a federal investigation into hundreds of cases of reported loan fraud from the PPP programme that was launched during the pandemic. PPP loan scams often meant people were falsely claiming to own massive businesses with even bigger expense sheets — but actually didn’t own anything at all. Despite such many went on lavish vacations; bought cars, and other high-end items not realizing that probably wasn’t the brightest of ideas.

As of December, the feds have reportedly recovered some $1.2B worth of stolen funds from various PPP related programmes. The FBI is understood to have at least 900 active investigations in multiple states as the government seeks to crackdown on the wild scams that took place.



Be the first to comment

Leave a Reply

Your email address will not be published.