JD Supra

SBA sends $22B+ in suspected fraudulent COVID-19 era loans to Treasury for collection

On April 24, the SBA announced that it has referred approximately 562,000 suspected fraudulent Paycheck Protection Program ...
The Business Journals

Small businesses that got Covid-19 relief loans find themselves in a 'precarious financial condition'

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min A new report details how small ...
Forbes

Feds Net Another Guilty Plea Related To Covid-Related Financial Fraud

In March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide emergency financial assistance during the pandemic. The CARES Act included funding in the form ...
Fast Company

Many small businesses haven’t paid off their COVID-19 EIDL loans

In 2020 and 2021, COVID-19 Economic Injury Disaster Loans (EIDL) were a lifeline for small businesses. But now, some small businesses are having trouble paying them off. And a Small Business Credit ...
Forbes

Man Sentenced To Prison For Role In Covid-19 Fraud Schemes Totaling Over $2.1 Million

A New Jersey man who pleaded guilty to conspiracy to commit wire fraud and money laundering was sentenced to 33 months in prison for his role in fraudulently obtaining Paycheck Protection Program ...
The Business Journals

Small businesses that got Covid-19 relief loans find themselves in a 'precarious financial condition'

A new report details how small businesses that tapped the SBA's EIDL program during the pandemic are facing greater financial challenges than companies that didn't turn to the offering for support.