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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 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 PPP program gave loans to nearly 4.9 million small businesses for a total of $521 billion. ... Congressional investigators identified multiple areas of potential waste and fraud in PPP, part ...
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 feds have focused their COVID-19 loan fraud probe on BSO deputies and others in the agency. ... long known as the nation’s capital of fraud schemes, has incurred more than 150 PPP criminal ...
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 ...
According to the U.S. Attorney’s Office in Miami, federal prosecutors have filed about 150 PPP loan fraud cases in South Florida since Congress approved the CARES Act program in spring 2020 to ...
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 ...