Federal investigators have identified hundreds of people suspected of illegally obtaining loans designed to help businesses struggling amid the coronavirus pandemic, U.S. Justice Department officials said Thursday, while pledging to aggressively prosecute fraud against the government relief program.

“The amount of fraud that we’ve uncovered to date and that we’ve prosecuted to date is significant. The amount of fraud that we’re currently investigating and anticipate charging in the future is also significant,” Brian Rabbitt, the acting head of the Justice Department’s criminal division, said. “And, given what we’ve seen so far, we believe there’s an additional set of fraudulent activity out there that we intend to continue pursuing.”

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]