Efforts to defraud the program were substantial. According to the Inspector General’s 2022 report, at least 70,000 PPP loans were potentially fraudulent. [1] The Small Business Administration recently ...

At least 31 residents of Nassau and Suffolk have been charged with bilking the government through federal pandemic ...

Longtime car dealership owner Herbert G. Chambers, several of his companies and another executive at the company have agreed ...

After being questioned by federal agents in late 2022, Chatman allegedly deleted digital records and destroyed a hard-copy list of PPP loan applicants to obstruct a grand jury investigation ...

New England auto mogul Herb Chambers has agreed to pay roughly $11.8 million to resolve federal allegations that several of ...

Private investigators from Florida alleged that the company had too many employees to qualify for a small-business loan it had secured in 2021.

Financial institutions approved the loans based on the fraudulent information ... PPP applications stored online and a hard-copy list of PPP applicants -- with the intent to obstruct a federal ...

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.

At Stateville Correctional Center near Joliet, a corrections sergeant resigned after he was accused of defrauding the federal Paycheck Protection Program. Manuel Martinez / WBEZ Share An Illinois ...

The settlement noted that AFR obtained a $10-million PPP loan in 2020, when applicants had to employ fewer than 500 workers. That loan was also forgiven. The qui tam lawsuit said an FAQ list with ...