IRS Criminal Investigation Division to continue crackdown on COVID-19 related fraud

Описание: While financial relief was sent to help millions of Americans land on their feet during the pandemic, scammers have used this opportunity to take advantage.

The IRS Criminal Investigation Division say more than 350 cases and $440 million in tax and money laundering cases have been investigated in the last year. Agents say they will continue their investigation.

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"This is a tough situation and it's painful to see, and so we're going to continue to fight and dedicate our resources," says IRS Special Agent in Charge - Atlanta Field Office, James Dorsey.

The "Coronavirus Aid, Relief and Economic Security (CARES) Act" signed last year included helping small businesses. Scammers have taken advantage through Economic Impact Payments, the Paycheck Protection Program also known as "PPP" and the Employee Retention Credit.

"As far as businesses, individuals are actually perpetrating fraud by setting up those businesses and requesting these funds employees that they don't have or getting loans for businesses that they have not previously had," says Dorsey.