The Justice Department said Wednesday Patrick Walsh and 10 companies he owned or operated will pay $20,074,458.20 for violating the False Claims Act to obtain fraudulent pandemic relief loans. Walsh is serving a 66-month sentence for the pandemic loan fraud. File Photo by Bonnie Cash/UPI | License Photo
March 12 (UPI) — The Justice Department said Wednesday an incarcerated Florida businessman and 10 companies he owned or operated will pay $20.074.458.20 for violating the False Claims Act to obtain fraudulent pandemic relief loans. It is a civil settlement that comes after Patrick Walsh pleaded guilty to one count of wire fraud and one count of money laundering over the fraudulent loans in January 2023. Advertisement
Long Island tax preparer bilked IRS out of $12M in COVID scheme
