Reports

The OIG is issuing this evaluation to assess whether the U.S. Small Business Administration (SBA) effectively implemented internal controls when using the U.S. Department of the Treasury’s Do Not Pay (DNP) databases to detect and prevent payments of Coronavirus Disease 2019 (COVID-19) Economic Injury Disaster Loans (EIDL) and grants to ineligible entities. Despite implementing controls requiring loan officers to check DNP databases prior to approval of COVID-19 EIDLs and provide applicants 30 days to rectify any negative information received from DNP, the agency continued to award and disburse...

BOSTON – A Plymouth, Mass. man was sentenced today for his involvement in a COVID-19 relief fund fraud scheme.

Baltimore, Maryland – A federal grand jury has returned an indictment charging David Godin, a/k/a “James St Patrick,” a/k/a “David Wetty,” a/k/a “Vic Pro” for wire fraud and aggravated identity theft, in connection with a scheme to defraud the Maryland Department of Labor (“MD-DOL”) and California Employment Development Department (CA-EDD”) of unemployment insurance (“UI”) benefits during the COVID-19 pandemic.

NEWARK, N.J. – A Florida man was sentenced to 96 months in prison for his role in a multimillion-dollar durable medical equipment (DME) kickback scheme.

Merton Weed Jr. filed eight fraudulent PPP loan applications with four different lenders and received $243,745 in PPP funds.

Stephanie Diane Smith, 54, of Sunrise, Florida, was sentenced yesterday to 7 months in prison for participating in a COVID-19 relief fraud scheme in which she received two loans from the Paycheck Protection Program (“PPP”). In March 2024, a federal jury in Fort Lauderdale found Smith guilty of two counts of wire fraud in connection with the scheme.

CAMDEN, N.J. – A former branch manager of a national financial institution today admitted using his position to organize a conspiracy to help individuals obtain at least 38 fraudulent Paycheck Protection Program (PPP) loans totaling approximately $5 million.

A Florida man was sentenced yesterday to 96 months in federal prison, to be followed by three years of supervised release, by U.S. District Judge Raag Singhal, after admitting his role in a multimillion-dollar durable medical equipment (DME) kickback scheme and pleading guilty to carrying out a COVID-19 fraud scheme and being a felon in possession of firearms and ammunition.