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A Lebanon, Oregon, man was sentenced to four years in prison for illegally obtaining more than $4 million in coronavirus relief loans meant for struggling businesses and investing that money
Charges have been brought against more than a dozen individuals in Oregon who attempted to apply for more than $180 million in fraudulent federal relief money. Investigators expect to find more fraud in the coming years.
Fourteen people are accused of submitting fraudulent COVID-19 business relief applications totaling more than $183 million; another two dozen cases have already been resolved and dozens more investigations are still open.
A Lebanon, Oregon, man was sentenced to four years in prison for illegally obtaining more than $4 million in coronavirus relief loans meant for struggling businesses and investing that money
The organization predicted the global economy would grow 5.6 percent this year, but said a new virus-related downturn would hurt the United States and Europe differently.