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U S Department of Justice Reports on Heightened Enforcement Activities Against COVID-19 Related Fraud | Epstein Becker & Green

To embed, copy and paste the code into your website or blog: On March 26, 2021, the U.S. Department of Justice (“DOJ”) reported on the agency’s heightened criminal and civil enforcement activities in connection with COVID-19-related fraud.[1]  As of that date, DOJ had publicly charged 474 defendants with criminal offenses in connection with COVID-19-related schemes across 56 federal districts to recover more than $569 million in U.S. government funds. The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act is a federal law, enacted on March 29, 2020, designed to provide emergency financial assistance to the millions of Americans who are suffering the economic effects caused by the COVID-19 pandemic.  The CARES Act provides relief through a number of different programs, including the Paycheck Protection Program (“PPP”), Economic Injury Disaster Loans (“EIDL”), the Provider Relief Fund, and Unemployment Insurance (“UI”).[2]  With the promulgation of

A Second Wave Of COVID-19 Fraud Enforcement: An Emerging Risk For Businesses | Vinson & Elkins LLP

To embed, copy and paste the code into your website or blog: On March 26, 2021, the Department of Justice (“DOJ”) issued a press release trumpeting the agency’s “historic level of enforcement action” in response to COVID-19 related fraud. 1 Roughly one year after Congress passed the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, DOJ announced that it had criminally charged 474 individuals for their alleged efforts to fraudulently obtain a collective $569 million through schemes related to the COVID-19 pandemic. Most of these cases involve garden-variety frauds perpetrated by individuals who saw the government’s historic economic intervention as an opportunity for illicit profit (or a quick way to buy a Lamborghini). However, if past is prologue, as DOJ churns through the low-hanging fruit of COVID-19 fraud over the coming months, the Department will likely turn its sights toward corporate entities and pursue cases involving more complex

COVID-19-Related Fraud: 474 Charged So Far

COVID-19-Related Fraud: 474 Charged So Far
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