CNBC: Fraudsters are laundering millions in Covid relief funds through online investment platforms

CNBC: Fraudsters are laundering millions in Covid relief funds through online investment platforms. “Tech-savvy fraudsters stealing from the government’s Covid pandemic relief programs to help businesses have found a convenient way to launder the money: they’re opening accounts with at least four online investment platforms, law enforcement officials said. The digital platforms, investigators said, are easy to dump the money into by setting up accounts with stolen identities. More than $100 million in fraudulent funds passed through investment accounts since Congress passed the CARES Act last March, according to authorities.”

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