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Other media reports would follow and Kabbage was linked to a growing number of PPP fraud arrests by the Department of Justice. ... 2021, into whether Kabbage engaged in “deceptive and/or unfair ...
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 ...
From April 2020 to April 2021 Johnson fraudulently obtained 27 loans totaling more than $3.8 million from the paycheck protection program. ... Plainview, Texas woman sentenced in federal PPP loan ...
In Hernandez’s case, a federal criminal affidavit accused the former TD Bank manager of masterminding an inside job to recruit bank customers to apply for PPP loans and to help them fill out ...
On 18 August 2021- VanPelt (aka Corkrum) [6] [5] to committing a more than US$6 million fraud in USA, specifically involving defrauding of the USA's Paycheck Protection Program (PPP). The case has been investigated by the Federal Bureau of Investigation ( FBI ) and the Federal Housing Finance Agency Office of Inspector General.
Now, thanks to an obscure filing in one of South Florida’s many PPP fraud cases, it has been revealed that one of the biggest lenders in the program’s first year might soon be facing consequences.
Since the CARES Act, a pandemic relief law, took effect in 2020, the U.S. Department of Justice has prosecuted more than 150 defendants and seized over $75 million in PPP fraud cases, the release ...
The news release states wire fraud convictions are punishable by up to 20 years’ imprisonment, and material false statement and document convictions may lead to up to five years in federal prison.