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.
