IRS Has Investigated Over 1,600 COVID Fraud Cases Worth $9 Billion

Published on March 29, 2024

The IRS has investigated more than 1,600 cases of potential COVID fraud and has indicted 795 people for alleged crimes, the agency said on Thursday. The Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020 offered economic assistance to American workers, families, and businesses amid the COVID-19 pandemic. However, some people obtained funds fraudulently and redirected the emergency money for their personal benefit. The IRS’ Criminal Investigation (CI) unit has investigated 1,644 tax and money laundering cases related to the CARES Act, potentially totaling $8.9 billion, the agency said. More than half the total amount comes from cases opened last year. Such cases include fraudulently obtained credits, loans, and payments....

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