Two whistleblowers have been awarded $2.5 million in a Paycheck Protection Program (PPP) fraud settlement. A federal grand jury in Virginia indicted 17 people for conspiring to defraud the United States by filing fraudulent claims for pandemic unemployment benefits, according to the Department of Justice. The government has extended the statute of limitations on PPP fraud investigations to 10 years, aiming to liquidate stolen assets and prosecute fraudsters. A Norway man was sentenced to two years in prison for filing fraudulent applications to gain over $240,000 from a pandemic-era relief program. Four Arizona residents were sentenced to significant prison terms for fraudulently obtaining millions of dollars in PPP loans. Another individual stole $17,500 and now faces 40 years in prison.
how many government scams were there during covid. i was just reading an article where someone tried to bribe a jury with $120k to get them off the hook for stealing like $250 million of food aid for children. https://t.co/OtsJQe8IRD
PPP used to buy cars and houses. PHOENIX, Ariz. โ Four Arizona residents were sentenced to significant prison terms in connection with their schemes to fraudulently obtain millions of dollars in Paycheck Protection Program (PPP) loans, a federal loan initiative designed toโฆ
HOLY shit I didn't know these PPP fraud investigations were EXPLODING A Norway man who was accused of filing numerous fraudulent applications to gain over $240,000 from a pandemic-era relief program has been sentenced to two years in prison, the U.S. Attorneyโs Office for theโฆ
PPP fraud gone wild. No actual employees, stole $17,500 and now faces 40 years in prison "In the loan application, she allegedly claimed the company had average monthly payroll expenses of $8,237 and gross sales of $142,773 and attached a phony IRS Form 1040, Schedule C, inโฆ
Reminder, the government extended the statute of limitations on PPP fraud investigations to 10 years. For the next decade they're going to be hunting these fraudsters, liquidating their stolen assets and sending them to fucking prison. https://t.co/oKuKU3n1D6
How much PPP fraud is there? Look how much business applications jumped when they announced free taxpayer money https://t.co/CeWclSPRxn
In May, a federal grand jury in Virginia indicted 17 people for conspiring to defraud the United States by filing fraudulent claims for pandemic unemployment benefits, according to the Department of Justice. https://t.co/K7hXtdTi7Y
In Nevada, business entities received more than $6.8 billion in Paycheck Protection Loans loans during the pandemic. Several Republican candidates who otherwise call for government spending restraint praised the program that kept their businesses afloat. https://t.co/vQdpXjhRsl
PPPlease Stop Fraud: Two Whistleblowers Awarded $2.5 Million in #PPP Fraud Settlement #SBA #whistleblower @quitamattorney https://t.co/T7aro96MEj https://t.co/84Bp65BpDc