The Justice Department's pandemic fraud task force has recovered just $1.4 billion in money seized or forfeited from people who stole the government's coronavirus cash, just a fraction of 1% of the total lost to theft.
Feds fall short on recovering pandemic fraud; less than 1% has been clawed backThe Justice Department’s pandemic fraud task force has recovered just $1.4 billion in money seized or forfeited from people who stole the government’s coronavirus cash, just a fraction of 1% of the total lost to theft.
“During the pandemic around $1 trillion was lost to criminal groups. With that, the vast majority of the money went overseas supporting international criminal groups,” said Haywood Talcove, CEO of LexisNexis Risk Solutions’ government group. “Bad actors got their hands on money that was meant to help our communities get through what was an incredibly difficult time. Quite frankly, they just took advantage of the disaster for their own financial gain,” said Sen. Gary Peters, Michigan Democrat and one of the sponsors of the legislation.
“Pay and chase doesn’t work,” said Mr. Talcove, who said the government could have headed off almost all of the fraud by spending a fraction of the $1.4 billion on detection and prevention ahead of the spending. At the height of the pandemic, people were posting how-to tutorials on social media to share methods for stealing the government’s money.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Utah Department of Corrections discriminated against transgender inmate, Justice Department rulesAfter 3 decades spent in the sunny (and humid) South Florida media world, Jeff has traveled to across the country to partake in the delights of The Beehive State.
Weiterlesen »
Justice Department Administers 2-Tier System of Justice in Capitol Hill Riot CaseThe Justice Department's handling of two separate cases involving the Capitol Hill riot reveals a 2-tier system of justice. A 71-year-old Colorado woman, known as the 'praying grandma,' was found guilty of federal misdemeanor offenses for spending 10 minutes inside the Capitol Building without causing any harm or damage. This contrasts with the leniency shown towards other demonstrators permitted to enter the building.
Weiterlesen »
Juneau’s hospital gets $4M from feds to improve emergency departmentThe project will expand and renovate the south side of Bartlett Regional Hospital's emergency department with ventilation and electrical upgrades.
Weiterlesen »
Missteps from Alaska’s education department could cost the state millions in grants, feds sayA federal “high risk” designation could cost the state grant funding because it did not comply with requirements for pandemic relief funds.
Weiterlesen »
Justice Department charges KuCoin and two founders with violating AML lawsOfficials with the U.S. Justice Department charged KuCoin, Chun Gan and Ke Tang with operating an unlicensed money-transmitting business and violating the Bank Secrecy Act.
Weiterlesen »
Justice Department warns of election misinformation 'rabbit holes'U.S. DOJ officials announce the recent developments in criminal cases involving threats against the election community in Arizona.
Weiterlesen »