You Searched For "ppp loans" and got 20 results
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1 min read
CreditNinja, which has charged loan customers an interest rate of 447%, is complaining that their $1 million PPP loan forgiveness request was rejected
CreditNinja, a broker which has given loans with interest rates as high as 447%, believes the SBA s…
Azmi Haroun
2 mins read
A Rhode Island man posed as a lawyer to scam inmates, then blew their money on marijuana and gambling while awaiting sentencing for defrauding the government out of PPP funds
Michael C. Moller was sentenced to nearly 7 years in prison on Tuesday for defrauding $699,251 from…
Ashley Collman
2 mins read
A Florida woman accused by police of using PPP loan to fund murder-for-hire plot
Police said Jasmine Martinez, who is accused of being behind the plan, withdrew thousands from her …
Dartunorro Clark
1 min read
From a Lamborghini to a custom Rolex, here are the wildest things business owners bought with their PPP loans
Since then, the Justice Department has charged several business owners over accusations that they f…
Jennifer Ortakales Dawkins
1 min read
Lakewood Church will repay the $4.4 million PPP loan it received in 2020
Initial critiques of the loan said the government essentially handed out grants to fund religious g…
Rebecca Cohen
8 mins read
Congress passed a $16 billion program to save entertainment venues rocked by the pandemic. It became a mismanaged fiasco, with thousands of businesses still waiting for relief.
Congress allocated $16 billion in emergency grants to venues and stages hit by the pandemic. Seven …
Walt Hickey
1 min read
Here are the Republicans the White House put on blast for bashing student loan forgiveness despite having their own PPP loans forgiven
Biden on Wednesday announced plans to cancel up to $20,000 in student debt for Pell Grant recipient…
Kelsey Vlamis,Taiyler Simone Mitchell,Ayelet Sheffey
2 mins read
Just a third of the money from the government's massive Payroll Protection Program actually helped keep workers employed, study says
The program was "highly regressive," researchers said. Of the $510 billion in initial PPP loans, $3…
Ben Winck
2 mins read
NASA exec convicted of fraud for using almost $300,000 in COVID relief to pay for a $6,450 French bulldog, a swimming pool and a Disney membership
A NASA executive on Thursday was sentenced to 18 months for taking more than $285,000 in COVID-19 r…
Kevin Shalvey
1 min read
Fintechs are under scrutiny over fraudulent PPP loans and small businesses could suffer. Here are the biggest takeaways from the federal investigation.
Since then, the Justice Department has charged several business owners over accusations that they f…
Jennifer Ortakales Dawkins
2 mins read
A man was arrested after allegedly spending $5 million in stolen COVID-19 relief on Ferrari, Bentley, and Lamborghini sports cars
The man allegedly used falsified documents to apply for the loans. The sports cars have since been …
Kelsey Vlamis
1 min read
A former NFL player was sentenced to over 3 years in prison for getting a fraudulent $1.2 million PPP loan
Former NFL player Joshua Bellamy falsified documents to get the loan for his company Drip Entertain…
Sarah Al-Arshani
3 mins read
The PPP loan program is open: How your small business can get loans, grants, and tax breaks from the new stimulus bill
The Senate passed a PPP extension on March 25, which would give struggling business owners another …
Business Insider
2 mins read
North Carolina's GOP lawmakers shouldn't tax Biden's student-loan forgiveness, the state's governor says — and he calls on them to treat the relief like PPP loan forgiveness
"Republican legislators were quick to help businesses and should now fix this fundamental unfairnes…
Ayelet Sheffey
2 mins read
Congress is weighing a fresh stimulus package for restaurants and other businesses as Omicron rages
The government might send out money yet again during the pandemic — but it won't be stimulus checks…
Juliana Kaplan,Joseph Zeballos-Roig
2 mins read
A man attempted to steal $6 million in PPP loans after submitting applications for companies with names from 'Game of Thrones': report
The man received more than $1.7 million in benefits after being approved for two applications, acco…
Amanda Perelli
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
2 mins read
NFL receiver Josh Bellamy has been charged in a $24 million fraud scheme where he's accused of spending coronavirus relief money on jewelry and a casino trip
NFL free agent Josh Bellamy, who was released from the New York Jets on Tuesday, was charged in a $…
Kelly McLaughlin
3 mins read
A California man got nearly $9 million in coronavirus relief loans through fraud and spent 'hundreds of thousands' on gambling, prosecutors say
Prosecutors are going after people scamming the Payment Protection Program, which is designed to gi…
Inyoung Choi
2 mins read
The majority of PPP loans went to business owners and high-earning households, a new study shows
Of the $510 billion in PPP loans extended in 2020, as little as one quarter went directly to worker…