Federal officials have charged five small contractors with fraud related to loans obtained from a key COVID-19 small business rescue program—and more charges are likely as investigators dig deeper into the financial records of companies that took the funds.
Assistant U.S. Attorney David Rabin, speaking to reporters on Sept. 10, said that 57 defendants in all industries had been charged, and he pledged to continue to root out fraud by recipients of some of the $500 billion distributed so far.