Thursday, June 30, 2022
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COVID-19 Fraud

The COVID-19 pandemic is causing us to navigate unchartered waters. Fraud related to this outbreak is no exception. Get the latest headlines here to stay informed.

COVID Feature: The Wizards of Fraud

Just about everyone is familiar with The Wizard of Oz movie. While the Wizard of Oz character appeared in different forms throughout the popular 1939 movie terrorizing Dorothy and her friends, it turned out that he was simply a conman hiding behind a curtain....

COVID Feature: Home of the Fraudulent

Millions of Americans are financially suffering due to the severe negative impact the coronavirus pandemic has had on the economy. National monetary relief programs were approved to help relieve the financial stress put on individuals and businesses but many fraudsters have tried to take...

COVID Feature: The Unmasked Fraudster

The shortage of medical-grade face masks and other personal protective equipment has distressed medical workers and others at high risk of contracting COVID-19. The worst among us have tapped into that urgent need with fraudulent equipment. In one recent case, a 24-year-old Michigan man is...

COVID Feature: No Relief After All

Being federally charged with wire and bank fraud is no small feat. Baoke Zhang of Issaquah, Wash., stands accused of creating fictional payroll expenses so he could seek loans through the Coronavirus Aid, Relief and Economic Security (CARES) Act. Government Investigators say Zhang tried to...

A New Tesla but Still No Getaway Car

Lebnitz Tran, 40, of San Jose, Calif., has been charged for plotting to fraudulently submit loan applications through the Paycheck Protection Program (PPP). He was hoping he could receive millions of dollars in Economic Injury Disaster Loan (EIDL) relief funds. (Well, his hopes were...

COVID Feature: FINRA’s Tips and Tools for COVID-19 Investment Fraud

A study conducted by FINRA and other consumer and financial organizations found that key risk factors for being scammed include social or physical isolation from others, being active online, and financial vulnerability…which sounds like a majority of the population during the COVID-19 pandemic. With...

COVID Feature: No Rest for the Fraudulent

The coronavirus pandemic has significantly impacted the country’s economy and left many unable to financially support themselves and their families. Fraudsters have made the circumstances worse by taking advantage of the vulnerable state of the nation and the programs Congress approved to help alleviate...

COVID Feature: Investigating the Investigator

Nadine Jackson of Dayton, Ohio pleaded guilty to wire fraud related to fraudulently obtaining two coronavirus relief Paycheck Protection Program (PPP) loans. She also pleaded guilty to making a false statement to a financial institution. (When the government doles out money, you can be...

Uncaring CARES Fraudster

A Texas woman, La Donna Higgins, 37, allegedly used $3.7 million in Paycheck Protection Program (PPP) loan funds to buy herself two houses, multiple cars, and a wide array of luxury goods. (Meanwhile, thousands of businesses permanently closed, while families on the brink deferred...

COVID Feature: Nowhere to Fly Away To

The Coronavirus Aid, Relief, and Security (CARES) Act was passed in March 2020 to provide economic assistance to struggling families and businesses who have been affected by the coronavirus pandemic. Fraudsters have abused the programs enacted by the CARES Act for their own financial...
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