Nearly $ 100 billion has been embezzled from pandemic relief funds, and the U.S. Secret Service has assigned Assistant Special Agent in Charge (ASAIC) Roy Dotson of the Jacksonville Field Office to oversee the recovery of the money. lost due to fraud.
As the National Pandemic Fraud Recovery Coordinator, Dotson will coordinate the more than 900 ongoing Secret Service investigations into the fraudulent use of COVID-19 relief requests that include paycheck protection loans and other federal funds that were part of the Coronavirus Aid, Relief and Economic Security (CARES) Act, according to a Secret Service press release.
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While the Secret Service is best known for protecting the president and other political leaders, the agency is also tasked with investigating financial crimes.
To date, Secret Service investigations and the SBA’s unemployment and loan fraud investigations have resulted in the seizure of over $ 1.2 billion and the repayment of over $ 2.3 billion money fraudulently obtained through automated clearing house cancellations. The investigations also led to the arrest of 100 people responsible for the fraud.
The Secret Service is coordinating efforts with the US Department of Labor and the SBA Inspectors General (OIG) offices and the Pandemic Accountability Committee (PRAC).
As part of his role as the National Pandemic Fraud Recovery Coordinator, Dotson will coordinate with financial institutions and money services businesses, as well as with the United States prosecutor’s offices and others. federal agencies.
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Every state has been affected, some harder than others. The Secret Service is on the march, trying to recover whatever we can, including funds stolen from federal and state programs, âDotson said.
“The Secret Service has seen a huge increase in electronic crime in the prosecution of these fraud cases,” Dotson added. “Criminals often ask potential victims to open an account and move money for them for some reason as part of a ruse.”