U.S. has charged 57 people in PPP fraud cases, Justice Department says


US President Donald Trump shows a signed Paycheck Protection Program and Health Care Enhancement Act in the Oval Office of the White House in Washington, DC, on April 24, 2020.

Olivier Douliery | AFP | Getty Images

The Justice Department has charged 57 people since May with trying to steal more than $175 million from the Paycheck Protection Program designed to help Americans during the coronavirus pandemic, a department official said on Thursday.

Acting Assistant Attorney General Brian Rabbitt said coordinated criminal rings have worked to defraud the program. “The involvement of these rings isn’t surprising, but it is particularly troubling to us here at the department, we will be focusing on these types of cases, going forward,” he said at a news conference.

This story is developing. Please check back for updates. 



Source link

Discover

Sponsor

Latest

Ray McGuire turns to Charles Phillips as advisor for likely run for NYC mayor

Ray McGuire, vice chairman of Citigroup Inc., speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California,...

Dropbox latest San Francisco tech company making remote work permanent

Dropbox Inc. co-founder Drew Houston waits as Dropbox (DBX) is listed for the company's initial public offering (IPO) at the Nasdaq Market Site...

Mark Meadows says ‘we’re not going to control the pandemic’

White House Chief of Staff Mark Meadows talks to reporters as he walks outside the White House on October 25, 2020 in Washington,...

Nikola founder sues Utah businessman for defamation over tweets about women

Nikola founder Trevor Milton has sued a Utah businessman for defamation, accusing him of a "malicious campaign to harass" and discredit the billionaire...

80% of COVID Patients Have Neurological Symptoms

MONDAY, Oct. 5, 2020 (HealthDay News) -- As President Donald Trump battles the coronavirus, researchers...