PPP fraud

Fraud News From World

Chicago Businessman Convicted in $55 Million Fraud Scheme Targeting COVID-19 Relief Funds and Financial Institutions

July 2, 2025 FraudsWatch 0

Federal Jury Finds Rahul Shah Guilty of Bank Fraud, Money Laundering, and Aggravated Identity Theft in Landmark Case Chicago, IL – July 2, 2025 – A federal jury has convicted Rahul Shah, a 56-year-old Evanston, Illinois, […] Read More

Gavel hitting a block labeled 'PPP Fraud Settlement,' illustrating the False Claims Act resolution involving Slifco Electric and COVID-19 relief funds.

Slifco Electric Pays $1.46M to Settle PPP Fraud Allegations Over Undisclosed Owner Payouts, False Certifications

April 28, 2025 FraudsWatch 0

DETROIT, MI – A Sterling Heights, Michigan electrical contracting firm, Slifco Electric, LLC, and its sole owner, John P. Slifco, have agreed to pay $1,460,062 to the United States government to resolve allegations of violating […] Read More

Atlanta Cousins Sentenced in $2 Million+ COVID-19 Relief Fraud Scheme: Narcisse and Dieujuste Exploited PPP and EIDL Programs

January 29, 2025 FraudsWatch 0

Atlanta, GA – In a stark reminder of the pervasive fraud that plagued COVID-19 relief programs, two Georgia men, Johnny Narcisse and his cousin Johnson Dieujuste, have been sentenced to federal prison for their roles […] Read More

Joshua and Nicole Pennington Allegedly Exploited COVID-19 Relief Programs

Joshua and Nicole Pennington Faces Justice: A Deep Dive into Multi-Million Dollar COVID-19 Relief Fraud

January 22, 2025 FraudsWatch 0

The COVID-19 pandemic brought unprecedented challenges, not just in terms of public health but also in economic stability. To mitigate the financial fallout, the U.S. government implemented several relief programs, including the Economic Injury Disaster […] Read More