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The Inspectors General (IG) community is committed to holding those who defraud the American public accountable. Offices of Inspectors General (OIGs) and their investigators have been central in bringing charges against 250 of the 474 who allegedly defrauded the Paycheck Protection Program, Economic Injury Disaster Loan Program, and Unemployment Insurance.

The PRAC’s Financial Sector Oversight working group released a new video of a stakeholder listening forum entitled, “Pandemic Response: Perspectives from Borrowers.”

The PRAC’s Financial Sector Oversight working group released a new video of a stakeholder listening forum entitled, “Pandemic Response: Perspectives from the Banking Industry.”

As part of our mission to promote public transparency of pandemic response funds, the Pandemic Response Accountability Committee (PRAC) today posted new data for the Paycheck Protection Program (PPP).

The Department of Justice (DOJ) recently announced that more than fifty people have been criminally charged with fraudulently obtaining loans from the Paycheck Protection Program (PPP).

Beware the fake contact tracers and coronavirus vaccines, and person-in-need-of-help scams. Here are a few pointers to protect yourself from scammers trying to take advantage of you.

Baltimore, Maryland –Senior United States District Judge James K. Bredar sentenced Ayaz Qureshi, age 55, of Severna Park, Maryland to a year and a day in federal prison, followed by two years of supervised release, in connection with a conspiracy to commit wire fraud affecting financial institutions, relating to more than $250,000 in fraudulent Paycheck Protection Program (“PPP”) benefits. PPP benefits were a program created by the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, which was a federal law enacted in March 2020 to provide emergency financial assistance to Americans...

Fort Myers, Florida – United States District Judge Sheri Polster Chappell today sentenced Diop McKenzie (30, Cape Coral) to 45 months in federal prison for bank fraud, wire fraud, and aggravated identity theft. As part of his sentence, the court ordered McKenzie to pay restitution to the Small Business Administration (SBA) and entered an order of forfeiture in the amount of $117,832, the proceeds of the bank and wire fraud.

LAS VEGAS – A federal jury convicted a Nevada man Wednesday for defrauding three banks of more than $11.2 million in COVID-19 pandemic relief funds intended to help small businesses impacted by the pandemic.

A Riverside County man pleaded guilty today to scheming to defraud the IRS out of more than $2.1 million via the issuing of fake W-2 forms and to fraudulently obtaining nearly $1 million of COVID-19 economic-relief loans.