DOJ Reports Extensive Enforcement Against $245 Million in COVID Loan Fraud

The Department of Justice, in collaboration with the SBA, announced "Operation No Doze," a summer enforcement surge targeting COVID-era SBA loan program fraud. This initiative resulted in over 160 criminal actions, including felony charges against nearly 80 defendants, 43 guilty pleas, and 40 sentencings. The actions collectively addressed approximately $245 million in intended losses to taxpayers, demonstrating a significant effort to combat financial misconduct.