Secret Service recovers $286 million in stolen pandemic loans

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Secret Service recovers $286 million in stolen pandemic loans
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Since 2020, the Secret Service initiated more than 3,850 pandemic related fraud investigations.

unemployment insurance and others that were rolled out in the midst of the worldwide pandemic that shutdown global economies for months.COVID-19

relief funds quickly, "the tradeoff was that they did not have systems in place to prevent and identify payment errors and fraud" due in part to "financial management weaknesses." As a result, the GAO has recommended several measures for agencies to prevent pandemic program fraud in the future, including better reporting on their fraud risk management efforts.

Since 2020, the Secret Service initiated more than 3,850 pandemic related fraud investigations, seized over $1.

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