There are currently 500 people working on pandemic-fraud cases across the offices of 21 inspectors general, plus investigators from the F.B.I., the Secret Service, the Postal Inspection Service and the Internal Revenue Service, reports the New York Times.
The roughly $5 trillion in federal COVID-relief money approved in 2020 and 2021, with few strings and no oversight, has resulted in one of the largest frauds in American history, with billions of dollars stolen by thousands of people.
About 50 agents in a Small Business Administration office are sorting through two million potentially fraudulent loan applications.
The federal government has already charged 1,500 people with defrauding pandemic-aid programs, and more than 450 people have been convicted so far. Agents in the Labor Department’s inspector general’s office have 39,000 investigations going.
The Justice Department has charged people with about $1 billion in fraud so far, and is investigating other cases involving $6 billion more, but reports suggest the real number could be much higher.
The sheer number of cases means that some small-dollar thefts may never be prosecuted, even considering President Joe Biden’s recent extension of the statute of limitations for some pandemic-related fraud to 10 years from five.
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Details of the frauds and modus operandi should be mentioned
According to the Sheridan Press, businesses at 30 North Gould Street in Sheridan, Wyoming are involved with this scam. What these people do is hide behind Registered Agents that front for a shell company/anonymous person with a white collar crime friendly LLC. Do a search on Wyoming Cowboy Cocktail and there are numerous articles on Registered Agents in Wyoming. 30 North Gould Street is home to 80,000 some businesses but only a mailforwarding front. Search Wyoming Cowboy Cocktail and Sheridan Press.
I’m so happy they are catching up with all the crooks in Congress ! Fraud is in a lot of Gov Jobs ! We need Trump to march forward to keep going we can see how much they are trying to hide ! I think this is only the beginning it’s not going to come to an end until they find out everything ! Their having fun in a way it’s like another Hunt but this one is True to life. !
Everyone involved in this should be held accountable to the fullest extent of the law. It should impose steep fines and jail terms for those involved in this mess. If i myself could file a federal lawsuit on this – i would do so on my part of this fraud could be brought down in a court of law. Thanks to Biden and NO OVERSIGHT on this 5 trillion set aside for this, he himself should be held accountable on this issue. What a total waste of money and now on national TV they are saying that 450 billion could be involved??? Their is no logical excuse for this at all and it needs to be dealt with now.