Justice Department Takes Action Against COVID-19 Fraud
A Department of Justice (DOJ) press release dated March 26, 2021 announced an update on DOJ’s efforts to combat crimes related to COVID-19 relief fraud, such as illegal schemes surrounding the Paycheck Protection Program (PPP), Economic Injury Disaster Loan (EIDL) program and Unemployment Insurance (UI) programs.
Slidebelts Inc. Reaches PPP Fraud Settlement with DOJ
The first civil settlement to resolve fraud allegations against the Paycheck Protection Program (PPP) has been entered, according to a January 12, 2021 press release from the Department of Justice. The PPP was part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide up to $349 billion to small businesses and corporations to keep them afloat. In December 2020, Congress authorized nearly $285 billion in additional Paycheck Protection Program funding.