COVID-19Regulatory

Homeland Security Warns of Another Risk in Coronavirus Pandemic: Rampant Fraud

May 12, 2020 / BY BEN FOX AND ALAN SUDERMAN / AP

(WASHINGTON) — A 39-year-old former investment manager in Georgia was already facing federal charges that he robbed hundreds of retirees of their savings through a Ponzi scheme when the rapid spread of COVID-19 presented an opportunity.

Christopher A. Parris started pitching himself as a broker of surgical masks amid the nationwide scramble for protective equipment in those first desperate weeks of the outbreak, federal authorities said. Within weeks, Parris was making millions of dollars on sales orders.

Except there were no masks.

Law enforcement officials say Parris is part of what they are calling a wave of fraud tied to the outbreak.

Homeland Security Investigations, an arm of the Department of Homeland Security, is leading a nationwide crackdown. It has opened over 370 cases and so far arrested 11 people, as part of “Operation Stolen Promise,” according to Matthew Albence, acting director of U.S. Immigration and Customs Enforcement.

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