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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 specifics of the alleged fraud likely won’t be known until reports on those cases are issued, a process than can take months. ... Illinois watchdog has referred 177 cases of alleged PPP loan ...
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 ...
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 ...
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 ...
The church agreed to repay more than $70,000 in PPP loan money used to make payments on the principal mortgage balance on one of its four properties. ... PPP fraud whistleblowers are eligible for ...
Kabbage publicly launched and began providing loans in May 2011. [4] In 2012, it opened its San Francisco office and subsequently raised US$30 million in Series C financing. [ 5 ] [ 6 ] Beginning in February 2013, the company expanded internationally, entering the United Kingdom [ 7 ] and raising further debt financing . [ 8 ]
Four Sacramento-area men with ties to a former Internal Revenue Service worker have been sentenced to a federal prison term for their role in a plot to fraudulently obtain more than $3 million in ...