Cuban Fugitives Targeted in PPP Fraud | Cedar Rapids News

Two Cuban nationals are fugitives facing 47 charges—including wire fraud and money laundering—for orchestrating a massive Paycheck Protection Program scam that allegedly involved hundreds of fake loan applications using stolen identities. They’re believed to have fled back to Cuba after allegedly exploiting workers at a meatpacking plant in Iowa. This case is part of a sweeping national crackdown by the Justice Department, SBA, and Inspector General that’s already targeted over 160 defendants and recovered nearly $245 million. Authorities treat these fraudsters like bank robbers, vowing to prosecute them and recover every stolen dollar. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Sources:https://www.kwwl.com/news/cedar-rapids-indictment-targets-4-5m-in-covid-loan-fraud/article_068b1ff4-e08e-4ff6-8cb6-6c7a8b112f4b.html More coverage & latest updates:https://sources.thednn.ai/ce6165b2159cb1fd Report issues to [email protected].