How fraudsters stole $45.6bn from U.S. COVID fund
A total of $45.6bn may have been stolen from the United States' unemployment insurance programme during the COVID-19 pandemic, report says
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A total of $45.6bn may have been stolen from the United States' unemployment insurance programme during the COVID-19 pandemic, report says
Fraudsters likely stole $45.6 billion from the United States' unemployment insurance program during the COVID-19 pandemic by applying tactics like using Social Security numbers of deceased individuals, a federal watchdog said on Thursday.
Fraudsters likely stole $45.6 billion from the United States' unemployment insurance program during the COVID-19 pandemic by applying tactics like using Social Security numbers of deceased individuals, a federal watchdog said on Thursday.
A federal jury in Atlanta convicted a South Carolina man today of fraudulently obtaining a $300,000 forgivable Paycheck Protection Program (PPP) loan guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
Tactics include using Social Security numbers of deceased individuals