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The Department of Justice Prosecuting Fraudsters Over Paycheck Protection Program

06/06/2021

Two residents of Miami were sentenced to 18 and 30 months in prison respectively after pleading guilty to conspiracy to commit wire fraud.  Allegations were that false documentation was submitted to the Government to receive over $1 million under the Paycheck Protection Program, and Economic Injury Disaster Loans under the Coronavirus Aid, Relief and Economic Security Act.  Claims were submitted for fictitious employees on non-existent farms.

It is understood that the Department of Justice is investigating a large number of fraudulent claims that should have been obvious to detect given even a low level of review of applications.