Page 19 - Coming Wave News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To embed, copy and paste the code into your website or blog: On March 26, 2021, the Department of Justice (“DOJ”) issued a press release trumpeting the agency’s “historic level of enforcement action” in response to COVID-19 related fraud. 1 Roughly one year after Congress passed the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, DOJ announced that it had criminally charged 474 individuals for their alleged efforts to fraudulently obtain a collective $569 million through schemes related to the COVID-19 pandemic. Most of these cases involve garden-vari...

[author: Charity Heller] Ten years ago, issues of corporate social responsibility (CSR) – such as measuring carbon footprints, socially responsive company policies, or ethical supply chains – might have been championed by activist employees or customers, but they were not a business objective for most organizations. What a difference a decade has made! Social change, advances in technology, and the ability to prove ROI have elevated issues of environmental, social, and governance (“ESG”). These are now hot topics in the boardroom and increasingly a requirement for investors, employees...

Thursday, February 4, 2021 The long-anticipated wave of civil enforcement actions involving participants in the Paycheck Protection Program (PPP) has begun.  On 12 January 2021, the U.S. Department of Justice (DOJ) announced the first civil settlement resolving fraud allegations against SlideBelts, Inc. (SlideBelts), a California e-retailer and manufacturer of fashion accessories, and its President and CEO, Brigham Taylor. 1 As we have discussed in prior alerts, 2 aggressive criminal and civil enforcement activity targeting PPP borrowers was a foregone conclusion given the minima...

The report also shows the rent-debt burden is disproportionately borne by low-income renters and people of color, with 32% of low-income renter households having fallen behind on payments while Latino, black and Asian renters are two to three times as likely to be behind as white renters. "It's all about the pandemic and who was exposed to the economic crisis of the pandemic," Treuhaft said. PolicyLink and its allies, including the Housing Now coalition and Tenants Together, are hoping the new numbers will encourage the state Legislature to pass additional renter protections, including Assemb...

To embed, copy and paste the code into your website or blog: Four months after the expiration of the $659 billion forgivable loan relief program established by the CARES Act, the federal government has disbursed approximately 5.2 million Paycheck Protection Program (PPP) loans. 1 As discussed in an earlier alert, 2 the policy considerations underlying PPP loans make them inherently vulnerable to fraud. To facilitate rapid delivery of funds to Americans in need during recent economic shutdowns, Congress and the U.S. Small Business Administration (SBA) imposed a markedly low bar for PPP loan qu...