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In April 2021, Blotnick was arrested and accused of applying for five separate Paycheck Protection Program (PPP) loans between April 2020 and August 2020, and of falsifying information about the number of employees, federal tax returns, and payroll documentation. [9] [10] [11]
In a separate case, Abad allegedly received more than $41,000 in two PPP loans in 2021 from a fictitious baked-goods business he ran from his home. He also claimed he earned $100,000 in annual ...
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 ...
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 scam using doll faces to create false IDs made up a small part of the estimated $80bn in fraud connected to the Paycheck Protection Program (PPP), according to The Messenger.
The CARES Act created the $349-billion Paycheck Protection Program, which provided low-interest loans to small businesses that were forgivable if they maintained their employees and payroll. The $349 billion was fully allocated within 13 days. During those 13 days, 1.6 million loans were approved by nearly 5,000 banks and other lenders. [3]
The church agreed to repay more than $70,000 in PPP loan money used to make payments on the principal mortgage balance on one ... has seating for 5,000 people and was completed in 2001 at a cost ...
2015 San Bernardino attack: San Bernardino: 2015-12-02: 16 24: Islamic Terrorist attack at the workplace. 2017 Fresno shootings: Fresno: 2017-04-18: 4 African-American man targeted White victims at several locations. Rancho Tehama shootings: Rancho Tehama: 2017-11-13 to 2017-11-14: 6 18: Shooting spree across 8 locations Thousand Oaks shooting ...