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Online bank Kabbage agrees to pay $120 million to settle COVID-19 fraud charges
Newsday· 1 day agoKabbage Inc. was the second-largest lender in the federal Paycheck Protection Program, based on the...
Kabbage to pay $120M in PPP fraud settlements with DOJ
Banking Dive via Yahoo Finance· 2 days agoThe second-largest PPP lender in the nation by application volume “knowingly submitted thousands of...
2 Illinois State Police officers accused of PPP loan fraud
Chicago Sun-Times· 6 days agoOn their loan applications, one said he ran a sports program for kids, listing “babysitting” as the...
PPP loan fraud accusations, again. This time, the alarm bells involve Illinois State police...
Chicago Sun-Times· 3 days 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 ...
Kabbage Inc. Agrees to Resolve Allegations That the Company Defrauded the Paycheck Protection...
The Gilmer Mirror· 4 days agoSmall Business Administration (SBA) in connection with its participation in the Paycheck Protection Program (PPP). Kabbage is now winding down its operations as KServicing ...
Editorial: Big spending requires many eyes
Traverse City Record-Eagle· 6 days agoAccording to a January 2024 FBI report, officials estimated that fraud took $64 billion from PPP and $136 billion from EIDL coffers, combining to make the ...
Accountants pulled into dispute between investors in popular Chicago steakhouse
WBEZ 91.5 Chicago· 2 days agoOne of the country’s largest accounting firms has become entangled in the long-running legal battle...
So much money — well spent
Winona Post· 1 day agoThere’s a lot to unravel in Frances Edstrom’s April 24 article, “So much money!” It’s a wandering critique of tax expenditure and a strange attack on the School Board. Civilization inherently ...
JD Supra: Health Care Fraud Enforcement in 2024
JD Supra· 5 days agoThis is the ninth in our 2024 Year in Preview series examining important trends in white collar law and investigations in the coming year. The government had another busy year in 2023 investigating ...
False Claims Act trends and expected enforcement priorities for 2024
Reuters· 3 days agoThe Department of Justice's (DOJ or Justice Department) Civil Fraud Section recently announced that its False Claims Act (FCA) settlements and judgments in 2023 totaled nearly $2.7 billion.