Secret Service recovers $2 billion in fraudulently obtained Covid-19 relief funds

[Yo_Mama_Been_Loggin]

Source: CNN

Federal officials from the US Secret Service have helped recover around $2 billion in fraudulently obtained Covid-19 relief funds and seized more than $640 million from accused fraudsters, the agency said Wednesday.

One year into the pandemic, the Secret Service has opened 690 cases regarding unemployment insurance fraud, on top of another 720 Economic Injury Disaster Loan and Paycheck Protection Program fraud investigations and inquiries.

"The amount of unemployment insurance benefits provided in response to the COVID-19 pandemic is unprecedented in the history of the nation's unemployment insurance system," said Larry Turner, the acting inspector general for the Labor Department. "Unfortunately, the significant increase in benefits made the program a target for those seeking to defraud government programs."

In a recent hearing in front of House lawmakers, Secret Service Director James Murray said the agency's approach to recovering stolen funds has evolved over the last year from stopping scams to building robust prosecutions. Murray also noted the size of the Covid-relief packages from Congress are extraordinary and the work to root out fraud will continue long after the virus slows.

Read more: https://www.msn.com/en-us/news/us/secret-service-recovers-dollar2-billion-in-fraudulently-obtained-covid-19-relief-funds/ar-BB1gEA1n?li=BBnb7Kz

[dalton99a]

1. This is a huge problem. Throw them in jail.

https://www.newsweek.com/mustafa-qadiri-ppp-fraud-luxury-cars-holidays-cares-1589790
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By Brendan Cole On 5/8/21 at 8:55 AM EDT

[tanyev]

2. Don't forget to check the wall safe at Mar-a-Lago!