You Searched For "ppp fraud" and got 20 results
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3 mins read
5 ways Biden just tweaked the PPP to help the smallest businesses survive
Biden's changes to the PPP help businesses with less than 20 workers (or none at all) and those wit…
Ayelet Sheffey
2 mins read
PRESENTING: The inside story of the businesses, banks, and bureaucracies grappling with the $670 billion attempt to rescue Main Street
BI Prime's exclusive reporting brings you actionable insights that can help you make informed decis…
Business Insider
2 mins read
Houston man charged with using COVID-19 relief funds to buy Lamborghini — one week after Florida man was charged for the same crime
Lee Price III fraudulently obtained more than $1.6 million in COVID-19 PPP relief funding, which he…
Kristen Lee
2 mins read
Jeffree Star company Killer Merch took hundreds of thousands of dollars in coronavirus relief loan
Killer Merch, an apparel company that's partnered with internet celebrities like James Charles and …
Palmer Haasch
2 mins read
Companies owned by YouTubers MrBeast and Jeffree Star got hundreds of thousands of dollars in coronavirus relief loans
The YouTubers MrBeast and Jeffree Star and the esports company FaZe Clan received loans meant to he…
Palmer Haasch
2 mins read
Man charged with obtaining millions in COVID-19 relief funds by listing celebrities as employees, buying $200,000 Mercedes
Sheng-Wen Cheng allegedly listed the names NFL players, actors, artists, and other celebrities on f…
Tim Levin
1 min read
A Florida man is accused of faking a presidential pardon from Trump while he was under investigation for fraud
When the US government seized $337,000 from Alexander Leszczynski, he produced "a fabricated pardon…
Yelena Dzhanova
2 mins read
Man charged with obtaining $2.1 million in COVID-19 relief funds and using it to buy a yacht and a new Kia
At least two others have been accused of using Paycheck Protection Program funds to buy new Lamborg…
Kristen Lee
2 mins read
Florida man charged in federal court for using coronavirus relief funds to buy himself a brand-new Lamborghini
The criminal complaint alleges that "within days" of receiving the PPP money, David Hines went and …
Kristen Lee
2 mins read
The government gave him $1.5 million in COVID-19 paycheck loans. Prosecutors say he spent it on a Tesla.
The Small Business Administration has come under fire for its sloppy handling of COVID-19 relief fu…
Aaron Holmes
2 mins read
The SEC is reportedly investigating Luckin Coffee after discovery that employees fabricated $310 million in sales
The SEC may face hurdles from Chinese regulators, as the country recently implemented new laws that…
Ben Winck
1 min read
Punjab & Sind Bank declares Golden Jubilee Hotels as fraud account
"It is informed that an NPA account viz Golden Jubilee Hotels Pvt Ltd with book outstanding of Rs …
PTI
3 mins read
McConnell ties $2,000 stimulus checks to Trump-proposed poison pills on Section 230 and election fraud, likely sinking push for additional COVID-19 relief
Sen. Mitch McConnell introduced the bill after blocking a House bill that'd lift payments without t…
Tyler Sonnemaker
2 mins read
Feds seized a party boat, a Rolls Royce, and a motorcycle from a man accused of using COVID loans to buy his way into a Texas yacht club
Michael George McQuarn submitted 10 PPP loans under four different business names, including one ti…
Azmi Haroun
1 min read
A Florida pastor and his son used COVID-19 relief money to try to buy a $3.7 million Disney World mansion, federal prosecutors allege
Prosecutors charged Evan and Joshua Edwards with bank fraud for allegedly lying about their ministr…
Rebecca Cohen
1 min read
A Miami influencer is accused of fraudulently using COVID-19 relief funds to rent a luxury apartment, car, among other things
Daniela Rendon could face up to 20 years in prison if convicted.
Kieran Press-Reynolds
2 mins read
A man embezzled $4.8 million from his employer and spent $1 million of it on the mobile app 'Game of War'
A California man got 10 years in prison for the fraud, which fed his seemingly insatiable desire to…
Mia Jankowicz
13 mins read
Nickelback, Chris Brown, and other stars scored $200 million in taxpayer funds meant to keep arts groups afloat during the pandemic. They won't say what they did with the money.
The SBA's SVOG grants were intended for struggling small artists. But big stars like Post Malone an…
Katherine Long,Jack Newsham
4 mins read
Marco Rubio touts his COVID response record in new Senate campaign attack ad against Val Demings
A campaign ad for the incumbent Florida senator blasts his Democratic challenger Val Demings over t…
Kimberly Leonard
4 mins read
Goldman Sachs has plans for deep headcount cuts in the new year
The banks is planning on reducing its total headcount, which numbers just over 49,000, by 8% in the…