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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 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 ...
Now, thanks to an obscure filing in one of South Florida’s many PPP fraud cases, it has been revealed that one of the biggest lenders in the program’s first year might soon be facing ...
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 ...
Some of the most prolific online lenders in the federal Paycheck Protection Program had remarkably lax fraud protection controls even as they approved billions of dollars worth of loans in the ...
President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self ...
South Florida has been a hotbed of PPP loan fraud committed by hundreds of business people and others charged with stealing millions from the government program by falsifying loan applications for ...
Smith, 54, is the only one of the BSO deputies charged with PPP loan fraud or similar offenses to be sent to prison so far. In 2021, Smith applied for loans as the registered agent for Childrens ...