Democrat Senator’s Son A Victim Of COVID Fraud, He Reveals

( It took his son becoming a victim of identity theft for Democrat Senator Dick Durbin to raise the alarm over the billions in taxpayer-funded COVID relief programs stolen through fraud.

Last Monday, Senator Durbin demanded more oversight of COVID relief funding because his son’s identity was stolen by someone who received a loan through the COVID Paycheck Protection Program for a company that didn’t exist.

The Paycheck Protection Program, created as part of the March 2020 CARES Act, offered low-interest, forgivable loans to small businesses struggling to make payroll or pay their expenses during government shutdowns in response to the COVID pandemic.

Someone stealing Durbin’s son’s identity applied for a PPP loan for a fictional company called Durbin Construction. His son has since been accused of defaulting on the fraudulent loan he did not receive for a construction company that does not exist.

Durbin, the Senate Majority Whip, said on Monday that the fictional company left his son on the hook for a $140,000 PPP loan.

According to Pandemic Response Accountability Chair Michael Horowitz, the Inspector General for the DOJ, fraud related to the COVID relief spending could be as much as $100 billion.

The bulk of the money stolen, based on Secret Service cases and data from the Department of Labor and the Small Business Administration comes mostly from unemployment fraud.

Late last year, the Labor Department reported about $87 billion in unemployment benefits may have been improperly paid. And a significant portion of that is attributed to fraud.

In December, the Department of Justice said its fraud section had prosecuted over 150 defendants in more than 95 criminal cases and has seized over $75 million in cash fraudulently obtained through the Paycheck Protection Program. It has also seized numerous real estate properties and luxury items purchased using fraudulently obtained funds.