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Kabbage to pay $120M in PPP fraud settlements with DOJ
Banking Dive via Yahoo Finance· 1 week agoThe second-largest PPP lender in the nation by application volume “knowingly submitted thousands of...
Kabbage Inc. Agrees to Resolve Allegations That the Company Defrauded the Paycheck Protection...
The Gilmer Mirror· 2 weeks agoThe Justice Department announced today that now-bankrupt financial technology company Kabbage Inc... Act (FCA) by knowingly submitting thousands of false ...
PPP Loan Prosecutions Appear to Be in the Technical Non-Compliance Phase | JD Supra
JD Supra· 2 days agoInevitably, the immediate need of many small businesses in the early days of the pandemic, the vague and/or confusing requirements for loan eligibility, ...
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 Business Administration ...
Carlisle business owner arrested in $18 million PPP loan fraud scheme spanning several states
FOX 25 Boston· 1 week agoA Massachusetts business owner has been arrested in an $18 million Paycheck Protection Program loan...
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...
False Claims Act trends and expected enforcement priorities for 2024
Reuters· 2 weeks agoThe Department of Justice's (DOJ or Justice Department) Civil Fraud Section recently announced that its False Claims ...
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...
PPP loan fraud accusations, again — this time, involving Illinois State Police officers
Chicago Sun-Times· 2 weeks 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 ...
Online bank Kabbage agrees to pay $120 million to settle COVID-19 fraud charges
Newsday· 1 week agoThe financial-technology company approved about $7 billion in forgivable PPP loans for more than...