PPP fraud is 'worst in history': $200B stolen, splurged on Lamborghinis and bling
Almost one in every five dollars intended to bail out businesses during COVID was milked by fraudsters.
Source: nypost.com
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$5.4BILLION given in Covid aid to small businesses with bogus social security numbers
The alleged con targeted the Paycheck Protection Program, known as PPP, and the Economic Injury Disaster Loan, the EIDL.
Source: dailymail.co.uk
Biden says he will go after criminals who 'stole billions' of COVID relief meant for 'small business
'The watchdogs are back,' said President Joe Biden as he announced on Tuesday that the Department of Justice will appoint a chief justice for pandemic fraud.
Source: dailymail.co.uk
Secret Service is investigating $100 BILLION of COVID relief funds stolen by fraudsters
In total, the US government splashed out some $6 trillion in emergency COVID-19 relief funds to prevent economic disaster, and the firehose of cash attracted a flock of eager fraudsters.
Source: dailymail.co.uk
What We Can Learn From Recent PPP Loan and COVID Fraud Cases | Arnall Golden Gregory LLP
Since April 2020, through the CARES Act, the government has provided billions of dollars in emergency financial assistance to Americans suffering from the economic effects caused by the...
Source: jdsupra.com