Fair 1°
Tag:

Paycheck Protection Program

News
$44M COVID Tax Scheme: 7 Nabbed In Largest US Case Ever $44M COVID Tax Scheme: 7 Nabbed In Largest US Case Ever
$44M COVID Tax Scheme: 7 Nabbed In Largest US Case Ever Seven New Yorkers have been charged in a sweeping tax fraud scheme, accused of exploiting pandemic relief programs to steal over $44 million, federal prosecutors announced. The indictment by the US Attorney's Office for the Eastern District of New York, unsealed Wednesday, Jan. 22, alleges that the defendants filed over 8,000 fraudulent tax returns, seeking more than $600 million in COVID-19 relief funds through the Employee Retention Credit (ERC) and related programs. Investigators determined the group successfully secured $44 million from the federal government. Defendants Long Island …

SHARE

by Joe Lombardi
News
Sussex County Man Raked In Millions In Bogus PPP Loans, Feds Say Sussex County Man Raked In Millions In Bogus PPP Loans, Feds Say
Sussex County Man Raked In Millions In Bogus PPP Loans, Feds Say A 44-year-old Sparta man was indicted on fraudulently obtaining millions of dollars in Paycheck Protection Program funds during the COVID-19 pandemic, authorities said. From April 2020 through November 2022, Nikenson Jean Mathurin participated in a scheme to defraud the Small Business Administration to obtain COVD-19 emergency relief money by submitting several fraudulent PPP applications on behalf of fake businesses, U.S. Attorney Philip Sellinger said. Mathurin’s fraudulent applications included false information concerning monthly payroll, gross revenue, and number of employees, and fake…

SHARE

by Sam Barron