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Those employees, along with an army of contractors, are responsible for overseeing a loan portfolio that currently includes 48,000 PPP loans with an outstanding balance of $1.3 billion and dealing ...
The House report states that two fintechs, Womply and Blueacorn, facilitated a third of PPP loans in 2021 before being suspended by the Small Business Administration earlier this year.
The Paycheck Protection Program was one of the signature federal economic relief measures in the early days of the COVID-19 pandemic, providing small businesses loans of up to $10 million that ...
The only other BSO employee convicted of PPP loan fraud to be sent to prison: Stephanie D. Smith. The former BSO deputy school resource officer was found guilty in March of wire fraud charges for ...
In this scam, intended victims receive court documents, claiming to be sent on behalf of the Department of Justice's Criminal Division's Commercial Litigation Branch, that disclose a PPP fraud ...
The PPP program gave loans to nearly 4.9 million small businesses for a total of $521 billion. ... Congressional investigators identified multiple areas of potential waste and fraud in PPP, part ...
According to the U.S. Attorney’s Office in Miami, federal prosecutors have filed about 150 PPP loan fraud cases in South Florida since Congress approved the CARES Act program in spring 2020 to ...
The feds have focused their COVID-19 loan fraud probe on BSO deputies and others in the agency. ... long known as the nation’s capital of fraud schemes, has incurred more than 150 PPP criminal ...