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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. ... U.S. District Judge Kathleen Williams gave Gonder a sentence of one-year house arrest along ...
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 ...
The first of 17 Broward Sheriff’s Office employees to be convicted at trial of fleecing a U.S. loan program for struggling businesses during the COVID-19 pandemic has been sentenced to just over ...
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 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 ...
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 ...
Most banks and lenders are well aware of how synthetic identities can be used to fraudulently open a bank account and secure a credit card or other type of loan. According to McKinsey, synthetic ...