Former General Assembly candidate pleads not guilty to fraudulently obtaining $225K in COVID funds

Herb Chambers to pay $11.8 million to settle charges of pandemic loan fraud

Herb Chambers, who sold most of his New England-wide network of car dealerships, has signed an agreement to pay $11.8 million to settle charges that his companies fraudulently applied for received emergency federal funding during the COVID-19 pandemic.

Former General Assembly candidate pleads not guilty to fraudulently obtaining $225K in COVID funds

RICHMOND, Va. A former General Assembly candidate accused of fraudulently obtaining nearly a quarter million dollars from the federal government pleaded not guilty at the U.S. District Courthouse in Richmond on Wednesday. Sheila Bynum-Coleman and her husband, who are facing nearly a dozen felony charges, requested jury trials. The charges include conspiracy to commit wire and bank fraud, as well as making false statements on loan applications. T…

U.S. Dept. of Justice: Affiliated companies agree to pay $10.8 million to resolve allegations that they fraudulently obtained COVID-19 loans

Richard G. Frohling, Acting United States Attorney for the Eastern District of Wisconsin, announced that on April 2, 2025, a group of affiliated companies controlled by a family office have agreed to pay $10,853,246.94 to settle allegations that they violated...

Companies to pay $10.8 million over PPP loan fraud allegations

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$10B COVID fraud investigation touches Alabama - The Demopolis Times

Five years after the enactment of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, IRS Criminal Investigation (IRS-CI) has launched 2,039 tax and money laundering cases related to COVID fraud, with attempted fraud in these cases totaling $10 billion. These cases include a broad range of criminal activity, including fraudulently obtained loans, credits and payments meant for American workers, families, and small businesses. As of F…

Trust Multiplied: How Verified Data Platforms Strengthen Business Lending

During the pandemic, the government extended a $1.2 trillion lifeline through the Paycheck Protection Program (PPP). Four years on, the sobering stats show that the Small Business Administration was victimized by fraudsters who made off with hundreds of billions of dollars of loans. They lied on applications, set up sham businesses and took advantage of a program that relied on manually-entered data that was then sent to lenders, from purportedl…