WASHINGTON—Federal prosecutors are mounting a broad search for fraud in emergency lending programs designed to assist businesses battered by the coronavirus crisis, a top Justice Department official said Tuesday. The Justice Department “has a lot of leads and there are multiple ongoing investigations of individuals and small businesses,” Assistant Attorney General Brian A. Benczkowski said in an interview. Prosecutors also will apply scrutiny to the activities of banks, which are charged with disbursing the funds in some of...

Source: Wall Street Journal May 05, 2020 22:07 UTC