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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...
Carlisle business owner arrested in $18 million PPP loan fraud scheme spanning several states
FOX 25 Boston· 2 weeks agoA Massachusetts business owner has been arrested in an $18 million Paycheck Protection Program loan...
PPP Loan Prosecutions Appear to Be in the Technical Non-Compliance Phase | JD Supra
JD Supra· 6 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 be used mainly for ...
White House blasts Republicans on loan forgiveness as hypocrites
NJ.com· 3 days agoThe White House’s X account continues to call out GOP lawmakers who criticize Joe Biden over...
Online bank Kabbage agrees to pay $120 million to settle COVID-19 fraud charges
Newsday· 2 weeks agoKabbage Inc. was the second-largest lender in the federal Paycheck Protection Program, based on the...
Ballston Lake couple sentenced for PPP loan fraud
FOX 23 News Albany· 2 weeks 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...
Joplin man sentenced for stealing federal Covid money and “transaction reversal” schemes
KSNF Joplin via Yahoo News· 6 days agoSPRINGFIELD, Mo. — A federal judge sentenced a Joplin man today (5/21) for two fraud schemes...
Contra Costa County, California Resident Charged With Fraudulently Obtaining More Than $1.1 Million...
Sierra Sun Times· 3 days agoOAKLAND – A federal grand jury has returned an indictment charging a Contra Costa County man with wire fraud and other crimes relating to a scheme in which he fraudulently obtained more than ...
Carlisle man charged with stealing $7m in federal COVID relief funds in Mass. - The Boston Globe
The Boston Globe· 2 weeks agoA Carlisle man allegedly fabricated corporate records to collect $7 million in COVID relief payments in Massachusetts and used some of that money to purchase a luxury condo for himself in New ...
Monday Morning News Roundup
San Francisco Chronicle· 19 hours agoFirefighters in Oakland on Sunday night contained a 4-alarm fire at a lumber yard that required at least 80 firefighters to tame but resulted in no injuries. The fire at Economy Lumber on High ...