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Kabbage approved a disproportionate share of suspicious loans identified in a September 2020 Miami Herald investigation into seeming PPP fraud. Other media reports would follow and Kabbage was ...
The Texas investigation is significant, Richards said, because the PPP program required lenders, even those that like Kabbage were not banks, to establish robust anti-money laundering and customer ...
Recently, one of our investigations led to 19 U.S. Postal Service employees and former employees in central Illinois being charged with defrauding the PPP by claiming bogus expenses in fictitious ...
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 wire fraud charge carries a maximum penalty of 20 years in prison and a maximum fine of $250,000. The money laundering conspiracy count carries a maximum penalty of 10 years in prison and a ...
Congressional investigators identified multiple areas of potential waste and fraud in PPP, part of the $2 trillion CARES Act, which offered qualifying small businesses up to $10 million in ...
Several Triangle residents have pled guilty to taking part in a nationwide scheme to defraud the government out of Paycheck Protection Program loans during the pandemic.
The Justice Department has charged 57 people, including "coordinated criminal rings," who tried to steal more than $157 million from the Paycheck Protection Program.