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PPP firms gave selves loans, bought Porsche, $8M home, says report on COVID loan fraud
Miami Herald via AOL· 2 years agoSome of the most prolific online lenders in the federal Paycheck Protection Program had remarkably...
Fintechs are under scrutiny over fraudulent PPP loans and small businesses could suffer. Here are...
Business Insider via Yahoo Finance· 2 years agoRep. Jim Clyburn of South Carolina is the chair of the House Select Subcommittee on the Coronavirus...
Virtually all PPP loans are being forgiven — despite concerns about fraud, undeserving recipients....
MoneyWise via Yahoo Finance· 2 years agoIf you received a Paycheck Protection Program loan during the pandemic, there’s a good chance you...
Executives at 'fintechs' made hundreds of millions handing out PPP Covid cash, report says
NBC Universal via AOL· 2 years agoExecs at one 'fintech' firm raked in $120 million in fees from handing out billions in PPP Covid...
Kabbage to pay $120M in PPP fraud settlements with DOJ
Banking Dive via Yahoo Finance· 1 month agoThe second-largest PPP lender in the nation by application volume “knowingly submitted thousands of...
Illinois watchdog has referred 177 cases of alleged PPP loan fraud by state workers to law...
Chicago Tribune via Yahoo Finance· 9 months agoThe watchdog overseeing agencies under Gov. J.B. Pritzker has referred 177 cases to law enforcement...
City watchdog investigating whether as many as 1,000 PPP loans received by city employees were...
Chicago Tribune via Yahoo Finance· 8 months agoIn the first of what could be a flood of fraud findings, Chicago’s inspector general has concluded a...
Carlisle business owner arrested in $18 million PPP loan fraud scheme spanning several states
WFXT via Yahoo Finance· 1 month agoA Massachusetts business owner has been arrested in an $18 million Paycheck Protection Program loan...
Facing federal PPP fraud investigations, online lender Kabbage files for bankruptcy
Miami Herald via AOL· 2 years agoOnline lender Kabbage was one of the biggest lenders in the first year of the Paycheck Protection...
Chicanos Por La Causa lending program faces investigation as part of COVID-19 loan fraud scandal
AZCentral | The Arizona Republic via Yahoo News· 2 years agoThe U.S. Small Business Administration is investigating the lending arm of one of Arizona's most...