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PPP Loan Prosecutions Appear to Be in the Technical Non-Compliance Phase | JD Supra
JD Supra· 4 days agoThe PPP allowed qualifying small businesses and other organizations to receive unsecured loans at an interest rate of 1%, but required that the proceeds ...
Ballston Lake couple sentenced for PPP loan fraud
FOX 23 News Albany· 1 week agoA Ballston Lake couple has received a sentence to time served as well as two years of probation for conspiring to defraud loan programs for struggling ...
Kabbage Inc. Agrees to Resolve Allegations That the Company Defrauded the Paycheck Protection...
The Gilmer Mirror· 2 weeks agoSmall Business Administration (SBA) in connection with its participation in the Paycheck Protection Program (PPP). Kabbage is now winding down its operations ...
Kabbage to pay $120M in PPP fraud settlements with DOJ
Banking Dive· 2 weeks agoThrough two separate settlements, KServicing Wind Down Corp. is resolving allegations “that it knowingly submitted thousands of false claims for loan forgiveness& ...