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Kabbage to pay $120M in PPP fraud settlements with DOJ
Banking Dive via Yahoo Finance· 18 hours agoThe second-largest PPP lender in the nation by application volume “knowingly submitted thousands of...
PPP loan fraud accusations, again. This time, the alarm bells involve Illinois State police...
Chicago Sun-Times· 1 day agoOne officer...Illinois State Police master trooper, admitted he fibbed when he listed “babysitting” as his principal business on his loan application. The other officer, a ...
2 Illinois State Police officers accused of PPP loan fraud
Chicago Sun-Times· 4 days agoOn their loan applications, one said he ran a sports program for kids, listing “babysitting” as the...
Kabbage Inc. Agrees to Resolve Allegations That the Company Defrauded the Paycheck Protection...
The Gilmer Mirror· 2 days agoSmall Business Administration (SBA) in connection with its participation in the Paycheck Protection Program (PPP). Kabbage is now winding down its operations as KServicing ...
Accountants pulled into dispute between investors in popular Chicago steakhouse
WBEZ 91.5 Chicago· 9 hours agoOne of the country’s largest accounting firms has become entangled in the long-running legal battle...
Editorial: Big spending requires many eyes
Traverse City Record-Eagle· 5 days agoAccording to a January 2024 FBI report, officials estimated that fraud took $64 billion from PPP and $136 billion from EIDL coffers, combining to make the ...
Best Joke From Every Person Who Made Fun of Tom Brady on the Netflix Roast
GiveMeSport· 4 days agoAn early contender for the best sports related broadcast of the year, Netflix's The Roast of Tom...
False Claims Act trends and expected enforcement priorities for 2024
Reuters· 2 days agoThe Department of Justice's (DOJ or Justice Department) Civil Fraud Section recently announced that its False Claims Act (FCA) settlements and judgments in 2023 totaled nearly $2.7 billion.
JD Supra: Health Care Fraud Enforcement in 2024
JD Supra· 3 days agoThis is the ninth in our 2024 Year in Preview series examining important trends in white collar law and investigations in the coming year. The government had another busy year in 2023 investigating ...
Economic Headwinds Abound, KeyBank's Continued Investment in Local Communities Keeps Small...
Morningstar· 16 hours agoIn fact, KeyBank's 2024 Small Business Survey found 37% of small business owners anticipate that inflation will slightly increase their operating costs, and 27% expect a significant increase ...