Associated Press via PBS NewsHour, "Nearly $100 billion stolen in pandemic relief funds, Secret Service says"
Summary
An Associated Press article by Jennifer McDermott, carried by PBS NewsHour and dated Dec 22, 2021, reporting that the U.S. Secret Service said nearly $100 billion at minimum has been stolen from COVID-19 relief programs. It says the estimate comes from Secret Service cases and data from the Labor Department and the Small Business Administration, according to Roy Dotson, the agency's national pandemic fraud recovery coordinator. The article states the Secret Service has seized more than $1.2 billion, has returned more than $2.3 billion of fraudulently obtained funds, and has more than 900 active criminal investigations into pandemic fraud, with 100 people arrested so far.
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“Associated Press via PBS NewsHour, ‘Nearly $100 billion stolen in pandemic relief funds, Secret Service says.’”
Original at www.pbs.org. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/associated-press-via-pbs-newshour-nearly-100-billion-stolen-in-pandemi-4b4e27e4a4/
, SHA-256 62d74cdda53a26495388ced60a9e086d26fa4e6607e7fa826430e66daf755e13.Full text
By — Jennifer McDermott, Associated Press Jennifer McDermott, Associated Press - https://www.pbs.org/newshour/nation/nearly-100-billion-stolen-in-pandemic-relief-funds-secret-service-says - Email - Facebook - Twitter - LinkedIn - Pinterest - Tumblr Nearly $100 billion stolen in pandemic relief funds, Secret Service says Nation Dec 22, 2021 9:40 AM EDT Nearly $100 billion at minimum has been stolen from COVID-19 relief programs set up to help businesses and people who lost their jobs due to the pandemic, the U.S. Secret Service said Tuesday. The estimate is based on Secret Service cases and data from the Labor Department and the Small Business Administration, said Roy Dotson, the agency's national pandemic fraud recovery coordinator, in an interview. The Secret Service didn't include COVID-19 fraud cases prosecuted by the Justice Department. While roughly 3 percent of the $3.4 trillion dispersed, the amount stolen from pandemic benefits programs shows "the sheer size of the pot is enticing to the criminals," Dotson said. Most of that figure comes from unemployment fraud. The Labor Department reported about $87 billion in unemployment benefits could have been paid improperly, with a significant portion attributable to fraud. READ MORE: What happened when some GOP-led states cut the $300 unemployment benefit The Secret Service said it has seized more than $1.2 billion while investigating unemployment insurance and loan fraud and has returned more than $2.3 billion of fraudulently obtained funds by working with financial partners and states to reverse transactions. The Secret Service says it has more than 900 active criminal investigations into pandemic fraud, with cases in every state, and 100 people have been arrested so far. The Justice Department said last week that its fraud section had prosecuted over 150 defendants in more than 95 criminal cases and had seized over $75 million in cash proceeds derived from fraudulently obtained Paycheck Protection Program funds, as well as numerous real estate properties and luxury items purchased with the proceeds. One of the best-known programs created through the March 2020 CARES Act, PPP offered low-interest, forgivable loans to small businesses struggling to meet payroll and other expenses during pandemic-related shutdowns. Law enforcement early in the pandemic focused on fraud related to personal protective equipment, the Secret Service said. Authorities have now prioritized the exploitation of pandemic-related relief because the federal funding through the CARES Act attracted the attention of individuals and organized criminal networks worldwide. "Can we stop fraud? Will we? No, but I think we can definitely prosecute those that need to be prosecuted and we can do our best to recover as much fraudulent pandemic funds that we can," said Dotson, who is the Secret Service's assistant special agent in charge of the agency's field office in Jacksonville, Florida. A free press is a cornerstone of a healthy democracy. Support trusted journalism and civil dialogue. By — Jennifer McDermott, Associated Press Jennifer McDermott, Associated Press Support Provided By: Learn more Educate your inbox Subscribe to Here’s the Deal, our politics newsletter for analysis you won’t find anywhere else.
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