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PPP Loan Audits Could Affect Millions of Borrowers | JD Supra
JD Supra· 1 week agoThere is growing concern among PPP Loan recipients of potential audits related to the SBA’s Office of Inspector General’s estimate that up to one-third ...
PPP fraud investigation by state watchdog finds $7.2 million in improper loans
Chicago Sun-Times· 2 weeks agoSince the coronavirus pandemic began here in early 2020, the Office of Executive Inspector General...
SBA Publishes Sample Application for Payroll Protection Program Loans Under CARES Act
The National Law Review· 1 week agoPPP) portion of the CARES Act, passed to address the economic impacts of the ongoing COVID-19 pandemic. The PPP is intended to provide ...
The PPP Turns Four: Lessons Learned and What Lies Ahead | JD Supra
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 ...
SBA Provides Safe Harbor For Certifying Need For PPP Loans
The National Law Review· 1 week agoNew SBA guidance says PPP borrowers of under $2 million are granted safe harbor and deemed to have made required good-faith certification of necessity. Individual circumstances ...
Dallas woman faces 45 years in prison over fraudulent PPP loans | Texarkana Gazette
Texarkana Gazette· 2 weeks agoAttorney's Office for the Southern District of Texas. Kristen Fenrick, 52, was the owner of Klearly...
Three Fresno, California Residents, Formerly from the St. Louis Area Accused of Obtaining 11...
Sierra Sun Times· 1 week ago-Maple, 23, Jemyla A. Bell, 38, and Leiah A. Vaughn, 22, were each indicted in U.S. District Court in St. Louis March 27 on two felony counts of wire fraud. The indictment accuses them of submitting ...
3 former St. Louis-area women accused of pandemic loan fraud
KTVI via Yahoo Finance· 1 week agoLouis area are accused of committing pandemic loan fraud. Prosecutors with the U.S. Attorney’s...
PPP Fraud and Appeals Update
The National Law Review· 2 weeks agoWhile 2020 is (fortunately) in the rearview mirror, issues involving the pandemic-era Paycheck Protection Program (PPP) and the Economic Injury Disaster ...
Brevard Co. consultant faces wire fraud charges tied to PPP loan
Florida Politics· 5 days agoIn a nine-page federal indictment, prosecutors say Burns sometime before April 2021 “knowingly...