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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 ...
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 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 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 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 ...
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 ...
SAS 99 defines fraud as an intentional act that results in a material misstatement in financial statements. There are two types of fraud considered: misstatements arising from fraudulent financial reporting (e.g. falsification of accounting records) and misstatements arising from misappropriation of assets (e.g. theft of assets or fraudulent expenditures).
Residents of Sacramento, Elk Grove, Roseville and Rocklin were involved in the Paycheck Protection Program loan scheme. Four Sacramento-area men sentenced in COVID-19 fraud scheme that involved ex ...