Biggest Scam In US History - $1.4B in Fraudulent

The U.S Secret Service seized more than $1.4 Billion in Fruadulently obtained Covid-19 Relief funds

It has been revealed that alleged conspirators used fake and stolen identifcation and employment records

This was to obtain economic injury disaster loans

Secret service investigators worked with the bank to identify the fraudulent accounts

This is an important step in returning stolen funds to the American people

Billions have been fraudulently claimed through various pandemic relief programs

The programs include paycheck protection program loans, and unemployment programs

Measures are being taken to prevent pandemic program fraud in future

US will introduce better reporting on their Fraud risk management efforts