New York, Many scams during the corona period are now coming to the fore day by day. Then a big scandal has come out from America. A total of 14 people in America have been accused of wrongly taking a loan of 5.3 million dollars under the Covid relief program during the corona period. Most Indians are involved in this scam. A fraud of 5.3 million dollars took place during Corona in the US
The US Attorney for the Northern District of Texas said the suspects were arrested last week following an investigation by the PMRC Task Force in Texas, California and Oklahoma. In America, 14 people have been accused of allegedly taking loans wrongly during the Corona period, 10 of the 14 accused are of Indian origin. It is alleged that these people took loans totaling $530 million under the Covid relief programme.
The US attorney for the Northern District of Texas said the accused were arrested last week by the Pandemic Response Accountability Committee Fraud Task Force in Texas, California and Oklahoma. According to the indictment, these 14 individuals defrauded various financial institutions of over $53 million under the Paycheck Protection Program. The Paycheck Protection Program is a financial program launched during the Covid-19 pandemic.
US Attorney for the Northern District of Texas Leigh Simonton emphasized the seriousness of the charges, saying that defrauding the government is an affront to American taxpayers. Defrauding the government is a serious crime at a time when millions are struggling for life during a pandemic.
According to the report, the group conspired to steal millions of dollars from the Paycheck Protection Program. In such a situation, many serious charges including bank fraud, false statement, money laundering conspiracy were made against these 14 accused. The accused allegedly submitted fraudulent PPP loan applications, manipulated bank statements and tax forms to inflate payroll costs. Not only that, they falsified payroll expenses by sending the loan amount through multiple bank accounts.
Those charged are Mihir Patel, Chief Financial Officer of Sunshine Recycling and Mammoth Group, R.A. Employees including the owner of the industry are involved. According to the report, if these accused are found guilty, they may have to face severe punishment. He faces up to 30 years in federal prison for bank fraud, 20 years for wire fraud and up to 10 years for money laundering conspiracy.SS1MS