A Monroe County man has pleaded guilty in federal court to filing a false tax return and wire fraud regarding fraudulent ...

The settlement stems from claims that Chambers and his companies violated the False Claims Act by falsely certifying their eligibility for forgivable PPP loans ... impact of PPP fraud on American ...

and an officer of one of his companies are paying $11.8 million for Paycheck Protection Program (PPP) loan fraud allegations. In 2020, the United States Small Business Administration (SBA ...

Herb Chambers, one of the region’s best known auto dealers, has agreed to pay $11.8 million to settle allegations that eight of his companies fraudulently obtained relief loans from the federal ...

Robert was sentenced to 110 months for conspiracy to commit wire fraud in connection with fraudulent PPP loans. U.S. District Court Judge Sharion Aycock also ordered the Pearsons to repay $3,364,052 ...

The loan was fully forgiven in May 2021. The DOJ said the company repeated the scheme when applying for a second PPP loan of $213,006 in March 2021, again using false payroll data. Under the terms ...

On April 30, 2020, the Small Business Administration established a new rule for the program that businesses part of a single corporate group could not receive more than $20 million in PPP loans.

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Federal officials allege the group received more than $5 million in loans despite collectively employing more than 500 people, exceeding eligibility limits. The businesses include Barrington ...

According to the ED, the raids are part of an investigation into a bank loan fraud and money laundering case involving a consortium of seven banks. Earlier, the ED had carried out raids on Tiwari ...

MILWAUKEE (CN) — The U.S. Department of Justice announced on Tuesday that a group of affiliated companies operating under one family office will pay $10.8 million to settle claims that they ...