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COVID-19: Massachusetts Woman, Man Charged For Pandemic Scheme
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How Hard Did COVID-19 Impact the US Economy?
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CAMDEN - Two Camden County residents are accused of defrauding pandemic financial-relief programs of $1.4 million, federal prosecutors say.
Stephen Bennett, 45, of Berlin and Rhonda Thomas, 36, of Sicklerville allegedly submitted 21 fraudulent applications for federal assistance to a dozen firms under the Paycheck Protection and Economic Injury Disaster programs.
The programs are intended to help firms overcome financial disruption due to the COVID-19 pandemic.
Lenders approved 13 loans, according to the U.S. Attorney s Office for New Jersey.
It alleged Bennett and Thomas, also known as Rhonda Ware, used the money to buy personal items, including two BMW vehicles and a pair of Rolex watches valued at $42,800.
[Craig Stetson, partner with Capital Edge Consulting]
In our previous blogs, we discussed the multiple government enforcers and regulators charged with authority to oversee the application, eligibility, and use of COVID relief funds. Here, we address how to know whether you or your company is under investigation or review or being considered for same. Sometimes it is obvious for example, when the Federal Bureau of Investigation (“FBI”) along with other agencies raid your offices. Other times, the signs are subtle.
The federal government has an arsenal of tools it uses to gather information for investigations and audits. These tools are not new and are not specific to COVID relief funds. However, some of the “new” entities created by COVID relief legislation (
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