Florence man, Florida woman sentenced to prison in federal pandemic fraud case - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
May 1, 2023 Newswires
Share
Share
Post
Email

Florence man, Florida woman sentenced to prison in federal pandemic fraud case

CBS - 13 WBTW (Florence, SC)

FLORENCE, S.C. (WBTW) -- A Florence man and a Florida woman have been sentenced to federal prison for their role in a pandemic-related unemployment fraud scheme, according to the U.S. Attorney's Office.

Mohammad Ribhi Farraj, 43, of Florence, was sentenced to 10 months in prison, with five months to be served in the Bureau of Prisons and five months to be served on home detention with location monitoring. He will also have three years of court-ordered supervision after his release. Farraj was ordered to pay more than $604,000 in restitution.

Marvet Masoud, 34, was sentenced to two years in prison and ordered to pay more than $454,000 in restitution.

According to the U.S. Attorney's Office, Farraj and Masoud were part of a group that fraudulently obtained unemployment insurance benefits during the pandemic by submitting applications in South Carolina and three other states – Arizona, Florida and New York -- using the personal information of others, sometimes without their permission.

"In some instances, members of the conspiracy would apply for benefits in multiple states using the same individual's information," the U.S. Attorney's Office said. "Members of the conspiracy then received the funds associated with the fraudulent claims, primarily through either direct deposit or debit cards."

Investigators found 69 fraudulent claims that resulted in the loss of more than $454,000 in unemployment insurance funds, the U.S. Attorney's Office said.

Evidence showed that Farraj obtained debit cards with unemployment insurance funds associated with the fraudulent claims and then withdrew money at ATMs, the U.S. Attorney's Office said. He also fraudulently obtained an Economic Injury Disaster Loan under the name of a fictitious business, and after receiving $149,900 transferred the money to cryptocurrency accounts or used the money to pay credit card bills.

Investigators also found that Masoud withdrew money associated with fraudulent unemployment claims and also received a deposit of $9,321.00 into an account in her name," the U.S. Attorney's Office said.

Older

First 113,000 letters about Medicaid health coverage renewals going out in Illinois this week [Chicago Tribune]

Newer

Rep. Beatty Introduces Resolution to Support Goals of Financial Literacy Month

Advisor News

  • DOL proposes new independent contractor rule; industry is ‘encouraged’
  • Trump proposes retirement savings plan for Americans without one
  • Millennials seek trusted financial advice as they build and inherit wealth
  • NAIFA: Financial professionals are essential to the success of Trump Accounts
  • Changes, personalization impacting retirement plans for 2026
More Advisor News

Annuity News

  • F&G joins Voya’s annuity platform
  • Regulators ponder how to tamp down annuity illustrations as high as 27%
  • Annual annuity reviews: leverage them to keep clients engaged
  • Symetra Enhances Fixed Indexed Annuities, Introduces New Franklin Large Cap Value 15% ER Index
  • Ancient Financial Launches as a Strategic Asset Management and Reinsurance Holding Company, Announces Agreement to Acquire F&G Life Re Ltd.
More Annuity News

Health/Employee Benefits News

  • Medicare Advantage Insurers Record Slowing Growth in Member Enrollment
  • Jefferson Health Plans Urges CMS for Clarity on Medicare Advantage Changes
  • Insurance groups say proposed flat Medicare Advantage rates fail to meet the moment
  • As enhanced federal subsidies expire, Covered California ends open enrollment with state subsidies keeping renewals steady — for now — and new signups down
  • Supervisors tackle $3.1M budget deficit as school needs loom
More Health/Employee Benefits News

Life Insurance News

  • Baby on Board
  • Kyle Busch, PacLife reach confidential settlement, seek to dismiss lawsuit
  • AM Best Revises Outlooks to Positive for ICICI Lombard General Insurance Company Limited
  • TDCI, AG's Office warn consumers about life insurance policies from LifeX Research Corporation
  • Life insurance apps hit all-time high in January, double-digit growth for 40+
Sponsor
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Elevate Your Practice with Pacific Life
Taking your business to the next level is easier when you have experienced support.

Get up to 1,000 turning 65 leads
Access your leads, plus engagement results most agents don’t see.

What if Your FIA Cap Didn’t Reset?
CapLock™ removes annual cap resets for clearer planning and fewer surprises.

Press Releases

  • ICMG Announces 2026 Don Kampe Lifetime Achievement Award Recipient
  • RFP #T22521
  • Hexure Launches First Fully Digital NIGO Resubmission Workflow to Accelerate Time to Issue
  • RFP #T25221
  • LIDP Named Top Digital-First Insurance Solution 2026 by Insurance CIO Outlook
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet