FRAUD I CORONAVIRUS FRAUD SCHEMES I COVID-19 SCAMS – Congress and US Department of Justice respond to Coronavirus Fraud and Abuse of the CARES Act
May 12, 2020
In response to the Covid-19 pandemic, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide necessary funding for small businesses that otherwise might be forced to lay off employees or close down businesses. Congress did not intend for these funds to be used by large corporations, especially not those with numerous investors or access to capital. Last week the US government in its first two official actions overseeing government spending of the 2020 CARES ACT: (1) sent demand letters to large public corporations demanding that they immediately return taxpayer funds, and (2) announced its first fraud and abuse indictments related to the CARES act lending.
To read further on this CARES act Fraud, please see the link herein: https://oversight.house.gov/news/press-releases/in-first-official-action-house-coronavirus-panel-demands-that-large-public
To read further on this Coronavirus Fraud, please see the link herein:https://www.jdsupra.com/legalnews/congress-department-of-justice-turn-97289/
On their website, the Department of Justice advised that they are remaining vigilant in detecting, investigating, and prosecuting wrongdoing and fraud resulting from this Covid-19 pandemic. In a memo to U.S. Attorneys, Attorney General Barr said, “The pandemic is dangerous enough without wrongdoers seeking to profit from public panic and this sort of conduct cannot be tolerated.” The DOJ is further inviting the public to report any suspicions of Covid-19 Fraud by calling the Department of Justice’s National Center for Disaster Fraud Hotline at 866-720-5721 or via the NCDF Web Complaint Form: https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.
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If you or someone you know has fallen victim to a Coronavirus scam or Covid-19 fraud we encourage you to call our offices today at 619-432-5145 for a free consultation with one of our Fraud Attorneys and Coronavirus Lawyers.