Browsing: COVID-19

Abhishek Krishnan, an Indian citizen, allegedly submitted at least 17 fraudulent PPP loan applications to multiple banks on behalf of fake companies and including falsified tax documents and fake employees. 

The task force and its attached prosecutors will “work jointly to hold accountable criminals who  enriched themselves at the expense of taxpayers by defrauding economic aid programs,” said US Attorney Josh Hurwit.

Estimates of the overall amount of federal, state, and municipal Covid relief funds distributed fraudulently range from $100 billion to over $500 billion. According to experts, it will probably take years to fully account for the fraud.