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New Haven, Vermont Woman Sentenced to Prison Term for Pandemic Fraud

New Haven, Vermont Woman Pleads Guilty to Pandemic Fraud

Andrew Hollins Pleads Not Guilty to Pandemic Fraud And Narcotics Indictments

Andrew Hollins Pleads Not Guilty to Pandemic Fraud And Narcotics Indictments

Dennis Duffy Sentenced to Prison for Pandemic Fraud

Use of Federal Tax Loss For Purposes of Businesses’ Eligibility for COVID-19 Financial Assistance

The program guidance issued by ACCD on April 27, 2021 for the Economic Recovery Bridge Grant program uses 2020 federal tax loss to establish eligibility for grants consistent with the requirements of H.315 (Act 9). Focusing on tax loss may help target limited resources to businesses that need assistance to remain viable. However, clarification is needed in the program guidance to avoid reliance on a tax-based measure that is not representative of losses associated with the COVID-19 public health emergency and to prevent grant awards that exceed business need.

Dennis Duffy Pleads Not Guilty to CARES Act, American Express Frauds

Risk Alert – State Governmental Entities Seeking Small Business Administration Payroll Protection Program Loans

Memorandum: The state recognized that some sheriff departments sought and received loans through SBA. Other state governmental entities may have also received PPP loans or may be considering applying for them.

Office of the State Auditor’s Focus on COVID-19 Expenditures

Memorandum: Auditor Office has begun to examine the State's distribution and spending of more than $1.3 billion of federal funding that has been or is expected to be received via the federal pandemic response/stimulus acts – including the CARES Act.

Proposed Vermont Economic Injury Disaster Loan Program

Memorandum: The recently issued U.S. Treasury Coronavirus Relief Fund FAQ1 has implications for the Governor’s proposed Economic Injury Disaster Loan (EIDL) program. As proposed, the Vermont EIDL program to be administered by the Vermont Economic Development Authority (VEDA) establishes a perpetual revolving loan fund. However, the FAQ indicates that all loan repayments subsequent to December 30, 2020 must be returned to the U.S. Treasury.