Search results
Carlisle business owner arrested in $18 million PPP loan fraud scheme spanning several states
WFXT via Yahoo Finance· 1 week agoA Massachusetts business owner has been arrested in an $18 million Paycheck Protection Program loan...
Kabbage to pay $120M in PPP fraud settlements with DOJ
Banking Dive via Yahoo Finance· 2 weeks agoThe second-largest PPP lender in the nation by application volume “knowingly submitted thousands of...
JD Supra: The PPP Turns Four: Lessons Learned and What Lies Ahead
JD Supra· 2 weeks agoFour years ago this month, lenders began dispersing Paycheck Protection Program (PPP) loans to small businesses in what would become the largest Small & ...
Online bank Kabbage agrees to pay $120 million to settle COVID-19 fraud charges
Newsday· 1 week agoAn online bank — credited with awarding government-backed loans to the smallest businesses during...
PPP Loan Prosecutions Appear to Be in the Technical Non-Compliance Phase | JD Supra
JD Supra· 3 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 ...
Calaveras County Man Sentenced for COVID-19 Paycheck Protection Program Fraud – Ordered to Pay...
Sierra Sun Times· 2 weeks agoAttorney Phillip A. Talbert announced. Congress created the PPP in March 2020, as part of the...
Oakland man gets federal prison for COVID-19 PPP loan fraud conspiracy
CBS News· 5 days agoFrank Mosley was a tax enforcement officer for the city of Oakland and a former IRS revenue officer...
$3.2 Million COVID-19 Loan Scheme: Freeport Woman Indicted On Fraud Charges
Daily Voice· 2 days agoThe Freeport woman is alleged to have submitted dozens of fake applications for COVID-19 relief...
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 ...
PPP loan fraud accusations, again — this time, involving Illinois State Police officers
Chicago Sun-Times· 2 weeks agoThe other officer, a state police special agent, or detective, said he was a handyman and received a $20,832 loan.