OAN News Room
Updated 12:45 PM PT – Thursday, September 10, 2020
The Department of Justice recently announced that it accused 57 people of cheating the paycheck protection program. On Thursday, authorities confirmed the suspects submitted false applications with the Small Business Administration.
He called the number of fraudulent loans “significant”. Officials said the suspects stole taxpayers’ money and bought luxury items, including yachts, houses and sports cars.
The government has so far recovered $ 30 million in stolen funds.
#newThe DOJ has announced charges since May against 57 people trying to steal more than $ 175M from the Paycheck Protection Program – to help Americans during the COVID-19 epidemic. https://t.co/sONaHVedv8
– Jennifer Franco (@jennfranconews) September 10, 2020
“I can’t help but be disappointed,” said IRS officer James Lee. “It seems that there is no morality among criminals, just as there is no limit for them.”
The Paycheck Protection Program made $ 670 billion available to small businesses through the $ 2.2 trillion Cars Act, which was passed by Congress earlier this year.