SBA freezes over 100,000 California borrowers in sweeping $9B pandemic fraud crackdown

Trump SBA suspends over 111,000 California borrowers in massive fraud crackdown involving $9 billion in suspected pandemic ...

Trump admin uncovers ‘staggering’ $8.6B in suspected Calif. small business fraud linked to COVID

The federal Small Business Administration suspended more than 111,000 California borrowers after uncovering $8.6 billion in ...
Forbes

FinTech Founder Pleads Guilty In Paycheck Protection Program Fraud Scheme

One of the founders of the lender service provider Blueacorn has entered a guilty plea in a scheme intended to fraudulently obtain COVID relief money through the Paycheck Protection Program (PPP). A ...

SBA Suspends 111,620 California Borrowers Suspected of Committing $8.6 Billion in Pandemic-Era Fraud

Today, following a visit to San Diego, U.S. Small Business Administration (SBA) Administrator Kelly Loeffler announced that the agency has suspended 111,620 California borrowers amid suspected ...
Federal Reserve Bank of San Francisco

Is the PPPLF Still Encouraging Small Business Lending?

The Federal Reserve designed its Paycheck Protection Program Liquidity Facility to ease liquidity issues and support small ...
Yahoo

US Small Business Administration suspends 6,900 MN borrowers for suspected fraud

Thousands of Minnesota borrowers are suspended from the U.S. Small Business Administration for suspected fraud activity. Officials say borrowers were approved for 7,900 Paycheck Protection Program and ...
News4Jax

Jacksonville woman pleads guilty to credit scheme, COVID-19 relief fraud involving Paycheck Protection Program

JACKSONVILLE, Fla. – A 30-year-old Jacksonville woman pleaded guilty on Tuesday to several charges including wire fraud involving the COVID-19 Paycheck Protection Program (PPP), according to the ...