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Thousands of federal inmates hold a total of $100million in prison-run debit accounts


Federal Bureau of Prisons runs own banking system for inmates, it was learned 
More than 20 of them have inmate accounts with at least $100,000 each 
In total, inmates own accounts that are holding more than $100million in cash
Law enforcement officials said they ve tried to force inmates to pay their debts 
But BOP is shielding accounts, allowing inmates to skip child support, alimony 
BOP-run accounts not subject to same Treasury Department scrutiny as banks   
Ex- N Sync manager Lou Pearlman owed millions but held $20,000 in account
Pearlman died in federal prison in 2016 after he was indicted for fraud  ....

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David Haas, Dan Eckhart, and Tom Hagy, Author at Law Street Media


April 21, 2021
Dan Eckhart
It’s not as if we needed another cautionary tale about good intentions colliding with unbridled greed. This time it is about the federal government s multi-billion-dollar Paycheck Protection Program. ....

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VIEWPOINTS: Civil and Criminal Prosecution of the Many Flavors of COVID-19 Relief Fraud Will Be Around for Years


VIEWPOINTS: Civil and Criminal Prosecution of the Many Flavors of COVID-19 Relief Fraud Will Be Around for Years
Dan Eckhart
It’s not as if we needed another cautionary tale about good intentions colliding with unbridled greed. This time it is about the federal government’s multi-billion-dollar Paycheck Protection Program (PPP) and emergency lending from the Small Business Administration (SBA). PPP offers 1% loans meant to cover operating expenses, such as payroll, rent, and utilities, and is subject to forgiveness. Economic Injury Disaster Loans (EIDL) cover similar expenses but a company may not double dip by securing funds for the same expenses as covered by the company’s PPP loan.  ....

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