Straight from news headlines, PPP & EIDL frauds abound. It seems that the offer of financial assistance meant to help struggling businesses has brought out the worst in some people.
This week on Money In Money Out, Susan Gunn is joined by Janice Janssen for another episode of In The Embezzlement News! Quite frankly, with the number of cases that have been filed for prosecution the first five months of this year, it was hard to pick only 6 cases to talk about.
But pick six they did. Susan and Janice talk about businesses that didn’t exist, employees not employed, identities stolen for unemployment and the purchases made with our hard earned tax dollars. It is truly intriguing!
- 60 cases reviewed – from $15,000 to $21,900,000
- 36 unemployment cases, 16 involving identity theft
- What Jags, Mercedes and Lamborghinis all have in common
- First female accused of Cares Act fraud
- The many uses of alpaca wool
“Unfortunately fraud will always be around.”
“8 people stole 2 million dollars!”
“There are photos of the accused fanning out the cash!”
“He claimed he had 743 employees… I think he had 10.”
“I laughed because yes, I do actually know how easy it is for others to modify tax returns, as a Certified Fraud Examiner!”
“We have learned anything is completely possible when you are talking about fraud and embezzlement.”
“Alpaca wool is also used in very nice mattresses.”
“This guy had good taste, just really bad ethics.”
Links & Resources
Janice’s Website: GTSGurus.com (sign up for the newsletter)
GTS Phone: 844–664-4487
Susan’s Website: https://SusanGunnSolutions.com (sign up for the newsletter)
SGS Phone: 888-994-3167
Ask The Expert Online Consultation
Money In, Money Out Lies Breed Lies Episode: SBA EIDL & PPP Fraud
Money In, Money Out Fruitcakes & Fraud: The Collin St. Bakery Embezzlement