# DOJ Press Release: Mortgage Broker Admits to Running a Ponzi Scheme, Fraudulently Acquiring CARES Act Loans, Filing a False Tax Return
> **Investigation** by Federal Deposit Insurance Corporation OIG · 2024-10-31
> *About: Federal Deposit Insurance Corporation*
## Report
- **Title:** DOJ Press Release: Mortgage Broker Admits to Running a Ponzi Scheme, Fraudulently Acquiring CARES Act Loans, Filing a False Tax Return
- **Submitting OIG:** Federal Deposit Insurance Corporation OIG
- **Component agency:** Federal Deposit Insurance Corporation
- **Type:** Investigation
- **Publication date:** 2024-10-31
## Source
- [oversight.gov report page](https://www.oversight.gov/reports/doj-press-release-mortgage-broker-admits-running-ponzi-scheme-fraudulently-acquiring-cares)
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