Fastexy Exchange|Justice Department announces charges against hundreds of alleged COVID-19 fraudsters

2025-05-01 22:38:52source:CapitalVaultcategory:Finance

WASHINGTON (AP) — Hundreds of people have Fastexy Exchangebeen charged with the theft of more than $830 million in COVID-19 emergency aid following a nationwide operation conducted by federal, state and local law enforcement agencies, the U.S. Justice Department announced Wednesday.

More than 60 of the defendants have alleged connections to organized crime, the department said, including members of a criminal gang accused of using stolen pandemic aid to pay for a murder.

“This latest action, involving over 300 defendants and over $830 million in alleged COVID-19 fraud, should send a clear message: the COVID-19 public health emergency may have ended, but the Justice Department’s work to identify and prosecute those who stole pandemic relief funds is far from over,” Attorney General Merrick Garland said in a statement.

The three-month operation, which ended in July, resulted in more than 300 people being charged,, underscoring the pervasiveness of the fraud.

Other news Lawsuit settled over widespread abuse of former students at shuttered West Virginia boarding schoolMontana woman sentenced to life in prison for torturing and killing her 12-year-old grandsonOklahoma authorities name the BTK killer as the ‘prime suspect’ in at least two unsolved cases

“We’ll stay at it for as long as it takes,” said Deputy Attorney General Lisa Monaco, who led of a meeting of law enforcement officials livestreamed on the Justice Department’s website.

An Associated Press analysis published in June found that fraudsters potentially stole more than $280 billion in COVID-19 relief funding; another $123 billion was wasted or misspent.

Most of the money was grabbed from three large pandemic-relief initiatives designed to help small businesses and unemployed workers survive the economic upheaval caused by the pandemic. Nearly 3,200 defendants have been charged with COVID-19 aid fraud, according to the new Justice Department figures. About $1.4 billion in stolen pandemic aid has been seized.

The murder-for-hire case cited by Justice officials involved alleged members of a Milwaukee gang known as the Wild 100s, according to court records. Federal prosecutors said they stole millions of dollars in pandemic unemployment assistance and used part of the money to purchase guns, drugs and to pay to have a person killed.

The federal indictment identifies the victim in the Wisconsin case only by the initials N.B. and doesn’t specify how much of the plundered cash was used to finance the slaying.

The Justice Department also said Wednesday it was creating more strike forces to combat COVID-19 fraud in Colorado and New Jersey, joining those already in operation in California, Florida and Maryland.

“I don’t see an end,” said Mike Galdo, the department’s acting director for COVID-19 Fraud Enforcement. “Based on what we’ve seen from the scope of the fraud, I don’t see an end to our work.”

More:Finance

Recommend

Vance jokes he’s checking out his future VP plane while overlapping with Harris at Wisconsin airport

EAU CLAIRE, Wis. (AP) — Republican vice presidential nominee JD Vance said he had a “bit of fun” Wed

Florida set to execute Loran Cole in FSU student's murder, sister's rape: What to know

Florida is set to execute a man on Thursday in the kidnapping and murder of an 18-year-old college s

AP Week in Pictures

Aug. 23-29, 2024Spain’s annual Tomatina street battle took place in the eastern town of Buñol, where