Market
Number of organizations facing COVID relief loan fraud allegations by end of 2025?
3
Resolution / Starting Odds
0-5 organizations • 25%
6-10 organizations • 25%
11-15 organizations • 25%
More than 15 organizations • 25%
News reports or official announcements from U.S. Department of Justice
Story
Jewish Voice for Peace Agrees to Pay $677,634 Over $338,817 COVID Relief Loan Fraud Allegations
Jan 15, 2025, 03:19 PM
The activist group Jewish Voice for Peace (JVP) has agreed to pay $677,634 to settle allegations of defrauding U.S. taxpayers through a COVID-19 relief loan application. U.S. prosecutors accused JVP of falsely claiming it was not primarily engaged in lobbying and political activities when it applied for a loan under the Paycheck Protection Program (PPP). The organization received a second-draw loan of $338,817 and subsequently applied for forgiveness of the entire amount. The settlement highlights concerns regarding compliance with the provisions of the CARES Act, which restrict eligibility for such loans to entities not primarily focused on political activities.
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Criminal charges • 25%
Financial settlement • 25%
No actions taken • 25%
Dismissal of charges • 25%
Ongoing litigation • 25%
Court ruling in favor of banks • 25%
Court ruling in favor of CFPB • 25%
Settlement reached • 25%
More than 2000 • 25%
1001 to 2000 • 25%
500 to 1000 • 25%
Less than 500 • 25%
Repayment ordered • 25%
Criminal charges filed • 25%
No action taken • 25%
Fines imposed • 25%
Bank of America • 25%
No penalties imposed • 25%
Wells Fargo • 25%
JPMorgan Chase • 25%
Department of Health and Human Services • 25%
Department of Justice • 25%
Congressional Committee • 25%
Other • 25%
Wells Fargo • 25%
Bank of America • 25%
JPMorgan Chase • 25%
Early Warning Services • 25%
More than 5 challenges • 25%
No challenges • 25%
1-2 challenges • 25%
3-5 challenges • 25%