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3 n.j. residents admit running $2m covid relief scheme using phony businesses
The trio received a total of $2,175,717.83 in low interest loans meant for distressed small businesses during 2020 and 2021. Read Full Story at source...
October 11, 2023, 10:29 pm
Congress probes whistleblower claims about massive fraud of small business covid relief fraud
“The PPP and EIDL programs were vital to saving small businesses, but that fact does not excuse $200 billion in fraud,” Rep. Roger Williams said. ...
October 9, 2023, 3:59 am
State sen. spent covid relief loans on 2 porches and a ferrari: attorney general
Federal authorities have been notified, and the state has begun a criminal investigation into former Sen. Andy Sanborn … Read Full Story at source (...
September 1, 2023, 4:44 pm
Former strong city baltimore leader charged with wire fraud, money laundering for covid relief loans
A former leader of the nonprofit Strong City Baltimore has been federally indicted on wire fraud and money laundering charges, with federal prosecutor...
August 10, 2023, 12:44 am
Grand jury: lexington woman lied to get $205,900 covid relief loan, shopped with the money
The loan came through a federal program set up to help small businesses cope with the downturn from the COVID-19 pandemic. Read Full Story at source (...
August 4, 2023, 1:44 pm
Teamsters blast bankruptcy-bound yellow, cite $700 million covid loan firm got from trump white house
Trucking giant Yellow is expected to let got 30,000 workers. It repaid just $230 in principal on a covid relie...
July 31, 2023, 1:50 pm
Sc businessman pleads guilty to lying to get federal covid loan: he bought cryptocurrency
James Paul Seidel, who pleaded guilty to making false statements about his misuse of covid relief money...
July 26, 2023, 3:29 pm
Small business association confirms scammers reaped more than $200b from ppp programs
The Small Business Administration says more than $200 billion disappeared from the PPP and other covid relief<...
July 17, 2023, 10:29 pm
Federal government remains unmoved on potential second extension of repayment deadline of covid relief loans for small businesses
To be clear on the forgiveness program, recognizing the potential strain repayment could place on some small businesses, the federal government is off...
July 14, 2023, 8:29 pm
The 'wolf of airbnb' made nearly $2 million through the pandemic running 'mini-hotels' in nyc. he just pleaded guilty to wire fraud.
Konrad Bicher began renting Manhattan apartments in 2019, before subletting them out. On top of violating lease agreements, Bicher obtained nearly $60...
June 28, 2023, 12:49 pm
Fraudsters may have stolen $200 billion in federal covid relief funds, new report says
The new estimate from the Small Business Administration’s watchdog would be nearly one-fifth of all the money disbursed in two federal aid programs ...
June 28, 2023, 4:59 am
More firms with covid relief loans go bankrupt in japan
New research shows an increase in bankruptcies among small-and-medium sized Japanese companies that received coronavirus relief loans. Smaller firms a...
June 26, 2023, 10:59 am
New jersey woman sentenced to prison for fraudulently obtaining 30 covid relief loans
Woman sentenced for fraudulently obtaining 30 COVID-19 relief loans, emphasizing need for small business transparency. Read Full Story at source (may ...
May 5, 2023, 7:14 pm
Houston man commits $3m ppp loan fraud, used money for private jet travel
Scott Jackson Davis was really flying high with his PPP loan scam, but not anymore! The Houston man managed to submit fraudulent applications, getting...
April 30, 2023, 12:44 am
West palm program to waive covid relief loans a big boost for minority-owned businesses
West Palm Beach is forgiving $95,000 in covid relief loans to small businesses and those owned by women...
February 28, 2023, 10:29 am
They bought mansions, a rolls royce, and chartered a jet with covid relief loans, prosecutors allege
In August, Congress took the unusual step of extending the statute of limitations from five to 10 years for crimes related to the Small Business Admin...
February 12, 2023, 10:29 pm
Ja’mal green’s marketing biz steered covid relief loan applicants to firms faulted by congress for turning a blind eye to ppp fraud
Mayoral hopeful’s marketing company — which also rents out coach buses — directed businesses to three lenders that were blasted last year in a c...
February 3, 2023, 3:29 pm
Lender popular bank fined over bad covid relief loans
The bank will pay a $2.3 million fine to the Federal Reserve for extending six allegedly fraud-tainted loans. Read Full Story at source (may require r...
January 24, 2023, 11:59 pm
This is a complete catastrophe for southwest airlines: liz peek
Fox News contributors Liz Peek and Deroy Murdock discuss the importance of school choice and why critics are questioning whether airlines have misused...
December 28, 2022, 9:00 pm
Bronx businesses experiencing covid relief shortfall
Hundreds of applications to get small business loans in the Bronx during the pandemic were rejected by the city. That’s the finding of the city comp...
December 20, 2022, 10:44 pm
