MUGS, SHIRTS, COATS, UMBRELLAS ... relief funds through an Economic Injury Disaster Loan (“EIDL”) and two PPP loans. According to the complaint, rather than using the funds for authorized ...

PPP was a federal loan program implemented by the SBA to provide financial relief to small businesses and nonprofits during the COVID-19 pandemic. Prosecutors said Reed fraudulently applied for ...

CSG admitted as part of the settlement it fraudulently increased its payroll in order to meet eligibility requirements for PPP loan forgiveness after receiving the proceeds.

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 ...

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.

Leland-based Campbell Sales Group, which does business as Leather Italia USA, will pay nearly $1.5 million in restitution and penalties for a PPP loan scheme. The furniture supplier fraudulently ...

The U.S. argues that the SBA’s IFR applied to Chambers’ companies and states that eight of the companies were not eligible for PPP loans because the SBA had already given $20 million to other ...

The settlement stems from claims that Chambers and his companies violated the False Claims Act by falsely certifying their eligibility for forgivable PPP loans meant to support struggling small ...

According to the Pandemic Oversight borrower database, the club received $629,000 in PPP loans. It reported that all but $3 of the loan was used on payroll for 45 reported employees. The PPP loan ...