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DHS Says COVID Relief Loan Fraud Is Widespread, And One Of The Biggest Cases In The Country Is In Chicago Area – CBS Chicago

CHICAGO (CBS) — Who can forget now-suspended Markham police Officer Kenneth Muldrow, who received money through a COVID relief loan and denied even owning the company?

After CBS 2 exposed over 1,000 ghost businesses in Markham that received Paycheck Protection Program loans intended for small businesses struggling during the pandemic, viewers raised concerns over your tax dollars.

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On Wednesday night, CBS 2’s Jermont Terry revealed an even bigger COVID fraud scheme – which is being investigated by the U.S. Department of Homeland Security.

That department is busy now. It seems that some people were under the assumption that the COVID relief loans were simply free money for anyone.

The feds let us in Wednesday on how they are cracking down on those who stole from the government, and also giving us insight on one of the largest COVID fraud schemes in the country – operating in Chicago.

When COVID hit, people masked up, and businesses locked up. And the federal government opened up its wallet through COVID relief loans.

Crooks jumped at the opportunity.

First, CBS 2 found businesses in south suburban Markham that did not exist – but people still got the money. Now, it has all grown bigger.

“It’s a huge problem,” said Department of Homeland Security Special Agent Jeff Strauss.

We have heard from dozens of people since we exposed rampant PPP loan fraud in Markham – many with tips about…

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