Secret Service Recovers Over $1.4 Billion in Fraudulently Obtained Pandemic Loans

Secret Service Recovers Over $1.4 Billion in Fraudulently Obtained Pandemic Loans
File photo showing a Secret Service agent standing on the South Lawn of the White house as Marine One helicopter lifts off in Washington, on Feb. 29, 2020. Roberto Schmidt/AFP via Getty Images
Tom Ozimek
Updated:
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The U.S. Secret Service said on Aug. 26 that it has seized $286 million in fraudulently obtained pandemic loans, bringing the total amount of stolen funds recovered by the agency to $1.4 billion since the relief program was rolled out in 2020.

The Secret Service said in a statement that it had returned the $286 million to the Small Business Administration (SBA), the federal agency responsible for distributing relief funds under various programs enacted at the height of the pandemic.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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