By Jody Godoy

(Reuters) – U.S. prosecutors have brought what is believed to be the first case against bank employees who allegedly exploited multi-billion dollar programs aimed at helping small businesses survive the COVID-19 pandemic.

Prosecutors allege that Anuli Okeke was a former manager of Popular Bank in New York. They claim she conspired to file fraudulent applications for over $3 million in pandemic relief loans under the supervision of U.S. Small Business Administration.

Alex Moncion, Popular Bank’s spokesperson, stated Monday that it had alerted law enforcement officials and regulators about the conduct of the workers and they were terminated.

Moncion said, “This behavior is in violation of our integrity and values as well as our business practices that are guided according to the highest ethical principles.”

These loan programs were part of Congress’ multitrillion-dollar response to the pandemic. They provided low-interest, forgiveable loans for small businesses.

According to the U.S. special inspector general for pandemic recovery, fraud levels have been high in relief operations.

Although more than 500 people have been accused of pandemic fraud related to the outbreak, this case seems to be the first that involves a scheme in a bank.

Although prosecutors are currently investigating potential misconduct among lenders, there have not been any financial institutions accused.

Prosecutors allege that Okeke teamed up with other people to create fake documents and recruit loan applicants from the Paycheck Protect Program and Economic Injury Disaster Loan program. In connection to the scheme, at least two others have pleaded guilty.

Okeke’s attorney declined to comment Monday on the charges.

Officials stated on Friday they would continue investigating and prosecuting pandemic fraud.