Check out our Semiannual Report to Congress to learn how we’ve advanced the government’s ability to prevent and detect fraud in federal programs during the previous reporting period.
See highlights and read the full report:
pandemicoversight.gov/oversight/semi…
Pandemic Response Accountability Committee (PRAC)
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Hi, we’re the federal watchdog tracking $5 trillion+ in COVID relief and finding fraud and misuse of taxpayer money 💰
Suspect fraud? Blow the whistle 👇
- 🚨PRAC Fraud Task Force Alert🚨 Three individuals are charged with allegedly submitting over 80 fraudulent PPP loan applications for more than $2M. H/T to our member @JusticeOIG for investigating this case.
- 🚨PRAC Fraud Task Force Update🚨 A West Virginia man was sentenced and ordered to pay over $1.5M in restitution for using at least $1.4 million in EIDL loans for his personal enrichment, including buying stock and crypto. He also agreed to pay over $2.4M in civil claims.
- We are pleased to welcome SBA Inspector General William “Bill” Kirk as the new Chair of the PRAC. IG Kirk succeeds Acting Chair, IG Michael Horowitz of the Federal Reserve Board of Governors.We look forward to continuing our work to strengthen transparency, accountability, and fraud prevention across federal programs
- 🎙️ The PRAC's Executive Director, Ken Dieffenbach, will testify at 2:30pm ET to the Senate Small Business & Entrepreneurship Committee in a hearing titled, “From Fraud to Recovery: Restoring Integrity in Small Business Programs.” Watch Live:
- 🎙️The PRAC's Executive Director, Ken Dieffenbach, is testifying at 2pm to the House Oversight Subcommittee on Government Operations in a hearing titled, “Curbing Federal Fraud: Examining Innovative Tools to Detect and Prevent Fraud in Federal Programs."
- Our latest Semiannual Report to Congress is available now. Some highlights: 💡Identified $80 billion in potential fraud 💡$262 million in recoveries 💡Investigative wins 💡New risk models covering $11 billion in funding Check out the full report: pandemicoversight.gov/oversight/semi…
- 🚨PRAC Fraud Task Force Update🚨 A co-founder of a lender service provider was sentenced to 10 years in prison and ordered to repay more than $63 million in restitution for her role in a PPP fraud scheme.🚨PRAC Fraud Task Force Update🚨 The co-founder of Blueacorn, a lending company purportedly intended to help small businesses and individuals obtain PPP loans, has pleaded guilty for his role in the scheme.
- International Fraud Awareness Week continues and so does our focus on prevention. Our goal is to identify and prevent potential fraud before money goes out the door.Our Blueprint for Enhanced Program Integrity shares lessons to help federal program managers protect taxpayer dollars and ensure funds reach the communities they’re meant for. Learn how:
- Pandemic Response Accountability Committee (PRAC) repostedFCC OIG is Proud to Partner with the PRAC (@COVID_Oversight)! Sharing and Comparing Data To Find Fraud and Protect FCC Programs!
- It’s International Fraud Awareness Week, a reminder that the most effective way to protect federal funds is to prevent improper payments before they happen.Our Fraud Prevention Alert found that using data analytics in pre-award vetting could have prevented $79 billion in potentially fraudulent pandemic payments. See more of our findings: pandemicoversight.gov/Fraud-Preventi…
- A Maryland accountant was sentenced to 3 years in prison & must repay $24M for his role in a conspiracy to file fake PPP and EIDL loan applications. He took kickbacks from co-conspirators & spent much of the money gambling at casinos and on a Vegas trip.
- Six non-profits will pay $3M+, collectively, to resolve allegations that they falsely certified eligibility & received PPP loans they weren’t allowed to under federal rules, which included restrictions on loans to certain lobbying groups & think tanks.







