WASHINGTON, D.C. –-(Ammoland.com)- A leak provided to AmmoLand News by our inside sources shows the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) is starting to investigate COVID relief fraud.
The ATF Financial Investigative Services Division (FISD) is looking at financial crimes centering around the Coronavirus Aid Relief and Economic Security (CARES) Act. Congress passed the CARES Act, and President Trump signed the law into effect in March of 2020. The economic stimulus package cost the American taxpayer $2.2 trillion.
The CARES Act consists of several different programs. These programs include unemployment insurance (UI), pandemic unemployment assistance, economic impact payments (EIP), payment protection program (PPP), and the economic injury disaster loan (EIDL) program. These government programs have been wrought with fraud and cost taxpayers millions and maybe billions of dollars in schemes to defraud the government.
Local special agents (SA) and industry operations investigators (IOI) are now expected to investigate for signs of COVID relief fraud. For example, IOIs are now expected to look for signs of fraud during their visits to gun dealers. If an IOI finds what they believe to be COVID relief fraud, the ATF employee will contact FISD, which will assign a forensic auditor to investigate the tip.
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