Texas Loans

4 emerging trends to watch in the fight against COVID-19 fraud

By Randy D. Rooker
By Max Jaeger (February 11, 2022, 7:49 PM EST) – A second wave of COVID-19 fraud enforcement is looming – one that promises a sea change in the scale and complexity of cases as regulators probe the big companies and organizations that took help and the lenders that issued it, Morrison & Foerster LLP experts warned during a panel discussion.

Fraud and abusive payments diverted about $100 billion from the federal Paycheck Protection Program, the Economic Disaster Loan Program and federal unemployment assistance funds, the Secret Service said in December. Congress has allocated a total of $4.5 trillion in aid since the pandemic began.

More than 500 people have been charged…

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Randy D. Rooker
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