Page 23 - Payment Protection Program News Today

A south Florida man accused of fraudulently obtaining millions in COVID-19 relief loans allegedly used the money to buy luxury items including a Lamborghini Huracán EVO, pricey watches from Rolex and Hublot in addition to designer suits from Louis Vuitton, Gucci, and Chanel, prosecutors said.

“Rebound” was the word of the year for financial institutions and many of their stakeholders last year, especially coming out of 2020. Payment Protection Program (PPP) loans made a second appearance in the millions early in the year. Financial experts regularly reviewed the nation’s (and Idaho’s) economic outlook throughout the year, and, despite challenges like inflation, the situation seemed to ...

Department of Justice officials alleged that Valesky Barosy filled out fraudulent applications for the Payment Protection Program seeking more than $4 million.

The popular restaurant closed its founding location at Royal Poinciana Plaza in August with plans to reopen elsewhere in the complex.

Pretty Ricky's Baby Blue is being sentenced to 20 months in prison, after receiving fraudulent loans from a PPP.

Cantillon: US subsidiary of Irish tech business Taoglas has pandemic loan forgiven

NJ man gets over 2 years for stealing more than $481K in federal COVID relief funds

The following managements discussion and analysis of financial condition and results of operations provides information that management believes is relevant to an assessment and understanding of our... | December 7, 2021

Houston resident Lee Price III, 30, also used the money from the loans, which he acquired with false information on the application, to pay off a separate home loan and make other large purchases.

The past two years have been dominated by the COVID-19 pandemic in multiple ways. While we have so far avoided a significant economic downturn, some businesses have been severely challenged...