IRS Investigates $9 Billion in Pandemic-Related Fraud Cases

The law enforcement arm of the IRS said it has investigated about $9 billion worth of fraud cases related to pandemic-era programs.

The Internal Revenue Service Criminal Investigation unit has investigated 1,644 tax and money-laundering cases related to Covid fraud in the four years since the 2020 Coronavirus Aid, Relief and Economic Security Act. About 800 people have been indicted under this effort, the agency said Thursday. The IRS has a 98.5% conviction rate over the last four years. Cases include those sentenced for abusing the paycheck protection program and economic injury disaster loan program, among others, the IRS said. ...