Reports

The owner of a residential construction contracting firm based in Washington, D.C. was charged with allegedly submitting fraudulent documents to a bank in connection with applications seeking more than $400,000 in a forgivable Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

SAN JUAN, PUERTO RICO – U.S. Attorney W. Stephen Muldrow and Michael J. De Palma, Special Agent in Charge, Internal Revenue Service, Criminal Investigation (IRS-CI), Miami Field Office, made the announcement today in an effort to remind taxpayers of the July 15 filing and payment deadline and warned against an increase in tax and COVID-19 scams.

A Florida man was arrested today on allegations that he fraudulently sought several Paycheck Protection Program (PPP) loans, and that he participated in a scheme to defraud Medicare of at least $5.6 million. It is further alleged that a portion of the PPP loan proceeds were potentially used in furtherance of the Medicare fraud scheme.

Millions of Americans and small businesses are suffering the economic effects caused by the COVID-19 pandemic. In response, Congress passed the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. This historic legislation, which included over $2 trillion in emergency financial assistance, was designed to provide immediate help for small businesses, healthcare providers, and individuals.

Two Utahns Charged With Covid-Relief Fraud After Failing To Disclose Applicant Was Under Federal Indictment