Federal law enforcement from 21 different inspectors general, government of justice, the IRS, the postal service, the secret service are now trying to track these folks down. The SBA is offering low interest rate federal disaster loans for businesses suffering as a result of the coronavirus. Most commonly prosecuted kind of fraud against loan programs involved in businesses that just didn't exist.
As the coronavirus pandemic disrupted business in the US, the government sent billions of dollars to people and businesses that were affected. That led to an epidemic of financial scams.
This episode was produced by Jon Ehrens, fact-checked by Serena Solin and Tori Dominguez, engineered by Paul Robert Mounsey, and edited by Matt Collette and Noel King, who also hosted.
Transcript at vox.com/todayexplained
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