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