Page 78 - Fraud Section News Today

Advertisement The DOJ’s Fraud Section 2020 Annual Review: Financial Enforcement Focused on Major Corporate Resolutions and Emerging COVID-19 Fraud Friday, March 12, 2021 On February 24, 2020, the DOJ’s Criminal Division Fraud Section published its annual year-end summary (available here).  This post addresses white-collar and financial fraud enforcement activity by two Units of the DOJ’s Fraud Section:  the Market Integrity and Major Frauds (MIMF) Unit and the Foreign Corrupt...

A federal grand jury in Los Angeles returned a superseding indictment, unsealed Thursday, charging four additional individuals for their alleged participation in a scheme to submit over 150 fraudulent loan applications seeking over $21.9 million in COVID-19 relief funds guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Manuk Grigoryan, of Sun Valley, California; Arman Hayrapetyan, of Glendale, California; Edvard Paronyan,...

To print this article, all you need is to be registered or login on Mondaq.com. Soon after Congress passed the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") in March 2020, the Criminal Division of the U.S. Department of Justice (DOJ) moved quickly to address potential COVID-19 related fraud. One area of early focus was the Paycheck Protection Program (PPP), a program under the CARES Act that provides loans to small businesses to help pay employees. The...

To embed, copy and paste the code into your website or blog: On February 24, 2021, DOJ’s Criminal Division Fraud Section published its annual year-end summary (available here).  The Fraud Section focuses on prosecuting white-collar crime.  The report summarizes enforcement activity in the past year and discusses notable cases from the Fraud Section’s three litigation units:  (1) the Health Care Fraud (HCF) Unit; (2) the Foreign Corrupt Practices Act (FCPA) Unit; and (3) the Market Integr...

To embed, copy and paste the code into your website or blog: In a narrative that seems likely to be repeated in the coming year, the DOJ Healthcare Fraud Unit’s (HCF Unit) contribution to the Fraud Section’s 2020 Year in Review emphasized its enforcement action in three areas: Opioid epidemic COVID-19 With an entire year of healthcare delivery during a pandemic now behind us, and a new administration assessing its priorities, it is likely that the focus on each of these subjects will be bro...

LITIGATION DEVELOPMENTS Individual Prosecutions Down But Corporate Resolutions Steady for DOJs Fraud Section in 2020, with More in the Pipeline The Department of Justices ("DOJ") Fraud Section recently released a year-in-review report that shows the sections strong performance in 2020, despite challenges caused by the global pandemic. Although individual prosecutions were down approximately 30% from 2019, the number of corporate resolutions remained steady. The report also emphasizes the sectio...

To embed, copy and paste the code into your website or blog: Soon after Congress passed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) in March 2020, the Criminal Division of the U.S. Department of Justice (DOJ) moved quickly to address potential COVID-19 related fraud. One area of early focus was the Paycheck Protection Program (PPP), a program under the CARES Act that provides loans to small businesses to help pay employees. The Fraud Section set up a team devoted to...

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Who Needs to Know Why It Matters As evidenced in the recently published 2020 Year in Review Report (Report), the Department of Justice’s Fraud Section (Fraud Section) demonstrated its resilience despite the COVID-19 pandemic, as well as its swift response to the evolution of pandemic-induced fraud — a trend we expect will continue throughout 2021. As evidenced in the recently published 2020 Year in Review Report (Report), the Department of Justice’s Fraud Section (Fraud Section) demonstra...

Blog after blog, commentator after commentator, and everyone else who has an opinion has been repeating the same message – the Biden Administration is going to increase enforcement...