September 22, 2021

News

News Network

Man Charged with $1.9 Million COVID-Relief Fraud

7 min read
<div>A Nevada man was charged in an indictment Wednesday for his alleged participation in a scheme to defraud multiple financial institutions by filing bank loan applications that fraudulently sought more than $1.9 million dollars in forgivable loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.</div>
A Nevada man was charged in an indictment Wednesday for his alleged participation in a scheme to defraud multiple financial institutions by filing bank loan applications that fraudulently sought more than $1.9 million dollars in forgivable loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

More from: January 28, 2021

News Network

  • Priority Open Recommendations: U.S. Agency for International Development
    In U.S GAO News
    What GAO Found In April 2020, GAO identified three priority recommendations for the U.S. Agency for International Development (USAID). Since then, USAID has implemented all three of those recommendations by taking actions to improve management and oversight of international food assistance projects, project performance data collection, and reform efforts. In May 2021, GAO identified three additional priority recommendations for USAID, bringing the total number to three. These recommendations involve the following areas: Complying with Equal Employment Opportunity requirements Improving financial information USAID's continued attention to these issues could lead to significant improvements in government operations. Why GAO Did This Study Priority open recommendations are the GAO recommendations that warrant priority attention from heads of key departments or agencies because their implementation could save large amounts of money; improve congressional and/or executive branch decision-making on major issues; eliminate mismanagement, fraud, and abuse; or ensure that programs comply with laws and funds are legally spent, among other benefits. Since 2015 GAO has sent letters to selected agencies to highlight the importance of implementing such recommendations. For more information, contact Thomas Melito at (202) 512-9601 or melitot@gao.gov.
    [Read More…]
  • Former Natural Gas Trader Pleads Guilty for Role in Commodities Insider Trading Scheme
    In Crime News
    A former natural gas trader pleaded guilty today to conspiracy to commit commodities fraud and wire fraud for his role in an insider trading scheme.
    [Read More…]
  • Founder and CEO of Iranian Financial Services Firm Sentenced to Prison for Conspiring to Violate U.S. Sanctions
    In Crime News
    Assistant Attorney General for National Security John C. Demers and U.S. Attorney Erica H. MacDonald today announced the sentencing of Seyed Sajjad Shahidian, 33, to 23 months in prison for his role in conducting financial transactions in violation of U.S. sanctions against Iran. Shahidian, who pleaded guilty on June 18, 2018, was sentenced today before Judge Patrick J. Schiltz in U.S. District Court in Minneapolis, Minnesota. Shahidian, a citizen of Iran, was arrested in London, England on Nov. 11, 2018, and, on May 15, 2020, was extradited to the United States.
    [Read More…]
  • New Caledonia Travel Advisory
    In Travel
    Exercise increased [Read More…]
  • U.S. Trustee Program Announces Streamlined Forms for Completing Chapter 11 Financial Reports
    In Crime News
    The Department of Justice’s U.S. Trustee Program (USTP) announced today the publication of a final rule in the Federal Register that streamlines the financial reports required under the Bankruptcy Code to be filed with the bankruptcy court by the vast majority of business and individual debtors in chapter 11 bankruptcy, including in the largest reorganization cases.
    [Read More…]
  • Seychelles National Day
    In Crime Control and Security News
    Antony J. Blinken, [Read More…]
  • Texas man headed to prison for trying to sexually entice minor
    In Justice News
    A 49-year-old Austin man [Read More…]
  • Malawi Travel Advisory
    In Travel
    Do not travel [Read More…]
  • Fiscal Year 2022 Performance Plan
    In U.S GAO News
    This report presents the Government Accountability Office's (GAO) Performance Plan for Fiscal Year 2022. In the spirit of the Government Performance and Results Act, this annual plan informs the Congress and the American people about what we expect to accomplish on their behalf in the coming fiscal year. It sets forth our plan to make progress toward achieving our strategic goals for serving the Congress and the American people. This framework not only shows the relationship between our strategic goals and strategic objectives, but also show major themes that could potentially affect our work.
    [Read More…]
  • 20 arrested for conspiracy to distribute thousands of pounds of marijuana
    In Justice News
    A total of 16 Laredoans [Read More…]
  • Secretary Antony J. Blinken with Osman Ayfarah of Al Jazeera
    In Crime Control and Security News
    Antony J. Blinken, [Read More…]
  • United States Charges Russian Military Intelligence Officers for Cyber Crimes
    In Crime Control and Security News
    Michael R. Pompeo, [Read More…]
  • Joint Statement on the Situation in Libya
    In Crime Control and Security News
    Office of the [Read More…]
  • The United States of America and The Republic of Korea on Working Together to Promote Cooperation between the Indo-Pacific Strategy and the New Southern Policy
    In Crime Control and Security News
    Office of the [Read More…]
  • New Bankruptcy Filings Plummet 38.1 Percent
    In U.S Courts
    Bankruptcy filings dropped 38.1 percent for the 12-month period ending March 31, 2021, a dramatic fall that coincided with the coronavirus (COVID-19), which first disrupted the economy in March 2020. 
    [Read More…]
  • From Space and in the Air, NASA Tracks California’s Wildfires
    In Space
    Earth-observing [Read More…]
  • Secretary Pompeo’s Call with NATO Secretary General Stoltenberg 
    In Crime Control and Security News
    Office of the [Read More…]
  • Alleged NCAA ticket fraudster taken into custody
    In Justice News
    Read full article at: [Read More…]
  • National Bio and Agro-defense Facility: DHS and USDA Are Working to Transfer Ownership and Prepare for Operations, but Critical Steps Remain
    In U.S GAO News
    The Department of Homeland Security (DHS) and U.S. Department of Agriculture (USDA) have taken steps to plan for and implement the successful transfer of the National Bio and Agro-Defense Facility (NBAF) from DHS to USDA for ownership and operation. (See figure.) The facility is to house state-of-the-art laboratories for research on foreign animal diseases—diseases not known to be present in the United States—that could infect U.S livestock and, in some cases, people. The departments' steps are consistent with selected key practices for implementation of government reforms. In addition, USDA has taken steps to prepare for NBAF's operation by identifying and addressing staffing needs; these steps are consistent with other selected key practices GAO examined for strategically managing the federal workforce during a government reorganization. However, critical steps remain to implement the transfer of ownershp of NBAF to USDA and prepare for the facility's operation, and some efforts have been delayed. Critical steps include obtaining approvals to work with high-consequence pathogens such as foot-and-mouth disease, and physically transferring pathogens to the facility. DHS estimates that construction of NBAF has been delayed by at least 2.5 months because of the effects of the COVID-19 pandemic. USDA officials stated that, until the full effects of delays to construction are known, USDA cannot fully assess the effects on its efforts to prepare for the facility's operation. In addition, USDA's planning efforts were delayed before the pandemic for the Biologics Development Module—a laboratory at NBAF intended to enhance and expedite the transition of vaccines and other countermeasures from research to commercial viability. A November 2018 schedule called for USDA to develop the business model and operating plan for the module in 2019. Officials stated in May 2020 that USDA intends to develop the business model and operating plan by fiscal year 2020's end. Construction Site of the National Bio and Agro-Defense Facility (NBAF) as of November 2019 and an Artist's Rendering of NBAF When Complete USDA's efforts to date to collaborate with DHS and other key federal or industry stakeholders on NBAF have included meeting regularly with DHS officials to define mission and research priorities, developing written agreements with DHS about DHS's roles and responsibilities before and after the transfer, and collaborating with the intelligence community, as well as with relevant international research groups and global alliances, on an ongoing basis. These efforts are consistent with selected key practices for interagency collaboration, such as including relevant participants and clarifying roles. Foreign animal diseases—some of which infect people—can pose threats to the United States. USDA and DHS have been developing NBAF to conduct research on and develop countermeasures (e.g., vaccines) for such diseases, as part of a national policy to defend U.S. agriculture against terrorist attacks and other emergencies. DHS is constructing NBAF in Manhattan, Kansas. DHS originally assumed responsibility for owning and operating NBAF. However, USDA will carry out this responsibility instead, following an executive order from 2017 to improve efficiency of government programs. Construction is expected to cost about $1.25 billion. GAO was asked to review issues related to development of NBAF and USDA's plans for operating it. This report examines (1) efforts to transfer ownership of NBAF from DHS to USDA and to prepare for the facility's operation and (2) USDA's efforts to collaborate with stakeholders. GAO reviewed DHS and USDA documents and interviewed key department officials and various stakeholders. GAO also compared the departments' efforts on NBAF with selected key practices for government reforms and collaboration. For more information, contact Steve D. Morris at (202) 512-3841 or morriss@gao.gov.
    [Read More…]
  • Former DeSales University Priest Indicted on Child Pornography Offenses
    In Crime News
    A former DeSales University priest was charged by indictment with three counts of child pornography offenses.
    [Read More…]
Network News © 2005 Area.Control.Network™ All rights reserved.