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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
“Ex-ATF investigator who lived in Farmington Hills accused in pandemic loan scheme” https://t.co/LpZ0HoPDBm
My latest: A watchdog found IL state employees made up businesses and lied about income to get pandemic PPP loans of $20k+, according to newly released investigative reports. https://t.co/qclDomW6Gm https://t.co/dh28deLvXy
Illinois state employees paid others to inaccurately fill out forms and drastically inflated income numbers to fraudulently receive pandemic-era Paycheck Protection Program loans, according to reports from the Office of Executive Inspector General. https://t.co/J7iH49H5g9
A recent investigation by the Office of Executive Inspector General has revealed that Illinois state employees engaged in fraudulent activities to obtain pandemic-era Paycheck Protection Program (PPP) loans, with some obtaining loans exceeding $20,000. These employees created fictitious businesses and inflated income figures, involving paying others to inaccurately fill out loan application forms. Additionally, a related report highlighted that over six years, the IRS paid out $511 billion in fraudulent tax credits in one of the largest fraud schemes in U.S. history.
