Newark, N.J.: Postal Inspectors, along with Special Agents from IRS – Criminal Investigation (IRS-CI), Small Business Administration Office of the Inspector General (SBA-OIG) and the Social Security Administration – Office of the Inspector General (SSA-OIG), worked together to investigate claims that a New Jersey attorney fraudulently applied for, and received, almost $9 million in federal COVID-19 emergency relief funds meant for distressed businesses. On September 3, 2020, Cliffside Park, N.J. resident Jae H. Choi, 48, was arrested and charged with three counts of bank fraud and one count of money laundering. Choi allegedly submitted three fraudulent loan applications to lenders offering assistance under the Paycheck Protection Program (PPP), a part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act enacted in March 2020.
Money mules are people who receive and transfer money obtained from victims of fraud. Some money mules know they’ve been recruited to assist criminal activity, but others become money mules without realizing their activity is benefiting fraudsters.Read Scam Article
Have you received unsolicited mobile text messages indicating that a USPS delivery is awaiting your action, with an unrecognized web link to click in the body of the message? Don’t click the link! This type of campaign is a scam called smishing.Read Scam Article