Newsday is reporting At least 20 Long Islanders have been charged with defrauding two pandemic business-relief programs of more than $47.9 million.
The federal Paycheck Protection Program and COVID-19 Economic Injury Disaster Loan program were meant to help businesses and their employees survive the 2020 economic shutdowns ordered to slow the coronavirus’ spread.
It is alleged the suspects used COVID aid to buy yachts, luxury watches, vacation homes and other luxuries.
(AP Photo/Elise Amendola, File)
