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Feds: Five IRS Employees Stole $418,000 in Covid Funds
(Real Clear Wire) Five current and former Internal Revenue Service employees from Tennessee and Mississippi are charged with stealing $418,125 from federal programs for Covid-19 relief after fraudulently applying for $1.1 million.
The five people, four of whom were still employed by the IRS, applied for federal funds through the Small Business Association’s Paycheck Protection Program and Economic Injury Disaster Loan program, according to the Department of Justice.
They allegedly submitted bogus loan applications, gaming the system to lavish themselves with luxury goods, spa services, cars, clothes, jewelry, and travel, prosecutors allege. One claimed to run a nonexistent clothing business, and all allegedly filed fraudulent applications.
"These individuals — acting out of pure greed — abused their positions by …Read the rest
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