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January 29, 2021

Texas tops the nation in CARES Act fraud
By Keaton Fox

Record numbers of fraud cases were filed for the Paycheck Protection Program, which provided money to small businesses affected by the pandemic. And Texas was at the top of the list among all states. According to data from the Transactional Records Access Clearinghouse (TRAC), criminal referrals from the Small Business Administration for fraud rose 727% from 2019, driven by a global pandemic and a relief package that opened the door for fraudulent applications for relief. Texas had the highest amount of criminal case referrals related to fraudulent applications to the Paycheck Protection Program.

Transactional Records Access Clearinghouse, Syracuse University
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