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Coronavirus Aid, Relief, and Economic Security Act

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Howell Twp. Man Indicted In Scheme To Commit Mortgage, COVID-19 Business Loan Fraud: Feds Howell Twp. Man Indicted In Scheme To Commit Mortgage, COVID-19 Business Loan Fraud: Feds
Howell Twp. Man Indicted In Scheme To Commit Mortgage, Covid-19 Business Loan Fraud: Feds A Toms River man was accused of leading a multimillion-dollar scheme to commit mortgage fraud and steal federal COVID-19 loans, authorities said. Arthur Spitzer, 37, was indicted on 25 counts, New Jersey's U.S. Attorney Philip Sellinger said in a news release on Tuesday, Sept. 3. A grand jury also indicted 38-year-old Mendel Deutsch of Toms River and 42-year-old Joshua Feldberger of Howell Township in the case. According to the indictment, Spitzer got mortgage loans for real estate properties that he didn't own in New Jersey and Brooklyn, New York. He chose properties that ha…

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by Chris Spiker
News
Jersey Shore Healthcare Company To Pay $3.15M For Improperly Taking Pandemic Loan: Feds Jersey Shore Healthcare Company To Pay $3.15M For Improperly Taking Pandemic Loan: Feds
Jersey Shore Healthcare Company To Pay $3.15M For Improperly Taking Pandemic Loan: Feds An Atlantic County healthcare system will pay more than $3 million for improperly receiving a loan from a COVID-19 pandemic program, authorities said. Shore Memorial Health System has agreed to pay the federal government $3.15 million, New Jersey's U.S. Attorney Philip Sellinger said in a news release on Wednesday, Aug. 14. The settlement comes from Shore Memorial Physicians’ Group receiving $2.78 million in a Paycheck Protection Program (PPP) loan. The physicians' group wasn't eligible for a PPP loan because it isn't a small business since it's an affiliate of Shore Mem…

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by Chris Spiker
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Feds: ID Thief Fraudulently Collected $140,000 In Pandemic Insurance While In Prison Feds: ID Thief Fraudulently Collected $140,000 In Pandemic Insurance While In Prison
Feds: ID Thief Fraudulently Collected $140,000 In Pandemic Insurance While In Prison People from all walks of life have fraudulently collected pandemic benefits, but Devontae Stokes took it to a different level. Stokes, a 27-year-old identity thief, was serving time at Fort Dix on an unspecified conviction when he schemed with others to collect $140,000 in COVID unemployment benefits while they were federal prisoners. That’s right. Stokes was a prisoner at the low-security Federal Correctional Institution adjacent to the Joint Base McGuire-Dix-Lakehurst in Burlington County when he and a group of co-conspirators “obtained personal identification information, including nam…

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by Jerry DeMarco
News
IRS Roots Out $440M In Fraud In First Year Of Pandemic Assistance, Hunts For More IRS Roots Out $440M In Fraud In First Year Of Pandemic Assistance, Hunts For More
IRS Roots Out $440M In Fraud In First Year Of Pandemic Assistance, Hunts For More Along with the welcome relief brought by the federal Paycheck Protection Program have come scams, more than 350 of which are tax and money laundering crimes that have totaled $440 million over the past year, the IRS says. On what will be the one-year anniversary of the Coronavirus Aid, Relief and Economic Security (CARES) Act this Saturday, the service’s top officials pledged to continue rooting out the wrongdoing. “As we continue to navigate through this pandemic, businesses and families continue to struggle through financial hardships,” said Michael Montanez, the special agent in charge o…

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by Jerry DeMarco