Scamdemic

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According to the Department of Justice, three family members were arrested in New York for misrepresenting employee payroll figures to receive COVID-19 loan funds for a chain of family-owned nail salons.

Questions:

  1. According to the report, how was the payroll misrepresented by this family?
  2. What federal organizations were involve in the identification of these fraudsters?
  3. When the bank froze the funds to the Victoria Nails & Spa , what else did the article say was frozen?

Source:

Department of Justice. 2020. Three defendants arrested for over $13 million fraud scheme to obtain loans intended to help small businesses during COVID-19 pandemic. News Press Release, Dec. 10 (Retrievable at https://www.justice.gov/usao-sdny/pr/3-defendants-arrested-over-13-million-fraud-scheme-obtain-loans-intended-help-small)