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US Cracks Down on 'Unprecedented Levels of Fraud' With First COVID Scam Case Against Bank
Newsweek via msn ^ | 27 September 2021 | Alex J. Rouhandeh

Posted on 09/27/2021 10:53:33 PM PDT by blueplum

Federal prosecutors brought forth the first case against a bank whose employees allegedly exploited the multi-billion-dollar benefit programs aimed to support small businesses through the COVID-19 pandemic.

The case was brought against the former branch manager of Popular Bank in New York. The manager allegedly conspired with other employees of the bank to fraudulently apply for more than $3 million in small business relief loans, according to Reuters.

Over 500 individuals have seen charges pertaining to pandemic-relief falsehoods, sparking "unprecedented levels of fraud," said the U.S. Special Inspector General for Pandemic Recovery. While cases of fraud by individuals have surged for some time, this is believed to mark the first incidence of it occurring within a bank....

(Excerpt) Read more at msn.com ...


TOPICS: Business/Economy; Crime/Corruption; Government; US: New York
KEYWORDS: districtcourt; doj; eidlprogram; federalcourts; pandemictheft; popularbank; ppploantheft

1 posted on 09/27/2021 10:53:33 PM PDT by blueplum
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To: blueplum

A scam on a scam.


2 posted on 09/27/2021 11:02:52 PM PDT by HighSierra5 (The only way you know a commie is lying is when they open their pieholes.)
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Covid Fraud?

That’s unpossible


3 posted on 09/27/2021 11:26:30 PM PDT by dsrtsage ( Complexity is just simple lacking imagination)
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To: blueplum

Hunter Biden: “Crack? Did someone say Crack?”
Joe Biden: “Eh, wah? Down? My polls are down?”
Kamala Harris: “Fraud? Did someone call me?”
Anthony Fauci: “Gain of Function? FBI? They don’t know what they’re talking about!”


4 posted on 09/27/2021 11:37:15 PM PDT by Richard Axtell (As if.)
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To: blueplum
First COVID Scam...

LOL. First one? Ha!

5 posted on 09/28/2021 12:37:52 AM PDT by Veggie Todd (Proudly posting comments without reading the articles since 2002.)
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To: blueplum

Joe didn’t get his 10 percent


6 posted on 09/28/2021 3:43:04 AM PDT by ronnie raygun
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