Keyword Analysis & Research: ppp loan fraud
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PPP Loan Audits Could Affect Millions of Borrowers
https://www.jdsupra.com/legalnews/ppp-loan-audits-could-affect-millions-5918399/
WEB4 days ago · More than 11.5 million PPP Loans were issued to millions of borrowers, with some borrowers receiving the maximum PPP Loan amount of $10 million. If borrowers used at least 60% of their PPP Loan to ...
DA: 15 PA: 4 MOZ Rank: 53
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Three individuals sentenced for 3.5 million dollar COVID-19 relief
https://www.irs.gov/compliance/criminal-investigation/three-individuals-sentenced-for-3-point-5-million-dollar-covid-19-relief-fraud-scheme
WEBFeb. 6, 2024 — Three people were sentenced today for fraudulently obtaining and misusing Paycheck Protection Program (PPP) loans that the U.S. Small Business Administration guaranteed under the Coronavirus Aid, Relief, and Economic Security (CARES) Act in connection with their involvement in a COVID-19 fraud ring.
DA: 11 PA: 85 MOZ Rank: 74
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'Biggest fraud in a generation': The looting of the Covid relief
https://www.nbcnews.com/politics/justice-department/biggest-fraud-generation-looting-covid-relief-program-known-ppp-n1279664
WEBMar 28, 2022 · They came into their riches by participating in what experts say is the theft of as much as $80 billion — or about 10 percent — of the $800 billion handed out in a Covid relief plan known as the...
DA: 74 PA: 36 MOZ Rank: 12
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Majority of Paycheck Protection Program loans have been …
https://www.npr.org/2023/01/09/1145040599/ppp-loan-forgiveness
WEBJan 9, 2023 · A congressional report says financial technology companies fueled rampant PPP fraud. Investigations. Virtually all PPP loans have been forgiven with limited scrutiny.
DA: 53 PA: 28 MOZ Rank: 26
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Reporting identity theft | U.S. Small Business Administration
https://www.sba.gov/funding-programs/loans/covid-19-relief-options/reporting-identity-theft
WEBApr 4, 2024 · All PPP lenders have an obligation to mitigate fraud, waste, and abuse in SBA programs. If a lender receives a complaint about suspected SBA identity theft, they must send the loan file to SBA, collect and submit required documents, conduct a review, and make a determination.
DA: 71 PA: 93 MOZ Rank: 71
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Most PPP loans have been forgiven, despite signs of possible fraud - NPR
https://www.npr.org/2022/10/12/1128207464/ppp-loans-loan-forgiveness-small-business
WEBOct 12, 2022 · That's despite claims from University of Texas researchers that about 1.4 million PPP loans show signs of possible fraud, like suspiciously high payrolls and multiple businesses listed at the...
DA: 34 PA: 10 MOZ Rank: 69
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COVID-19 Pandemic EIDL and PPP Loan Fraud Landscape
https://www.sba.gov/sites/sbagov/files/2023-06/SBA%20OIG%20Report%2023-09.pdf
WEB4 Summary of potentially fraudulent PPP loans by fraud indicator ............................... 11. 5 Fraud indicators tied to romance scam case example ................................................ 13. 6 Web of pandemic assistance fraud and suspected fraud originating from.
DA: 57 PA: 14 MOZ Rank: 65
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Preventing fraud and identity theft - Small Business Administration
https://www.sba.gov/funding-programs/loans/covid-19-relief-options/preventing-fraud-identity-theft
WEBMar 7, 2024 · Home. Funding Programs. Loans. COVID-19 Relief Options. Preventing Fraud and Identity Theft. Preventing fraud and identity theft. Learn how businesses can work together with SBA to prevent and report suspected fraud. Content. Don’t let small business scams damage your finances and hard-earned reputation.
DA: 40 PA: 68 MOZ Rank: 18
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Feds charge 19 defendants with pandemic fraud of over 24 million
https://www.irs.gov/compliance/criminal-investigation/feds-charge-19-defendants-with-pandemic-fraud-of-over-24-million-dollars
WEBJun 22, 2022 · Francis J. Battista, of Aston, Pennsylvania, filed 19 fraudulent applications for PPP and EIDL loans in 2020 and 2021, seeking over $10 million in loans. Battista allegedly supported his fraudulent loan applications by submitting fake tax documents, bank records and payroll summaries.
DA: 45 PA: 76 MOZ Rank: 76
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Mastermind of 11.1 million dollar Paycheck Protection Program fraud
https://www.irs.gov/compliance/criminal-investigation/mastermind-of-11-point-1-million-dollar-paycheck-protection-program-fraud-scheme-sentenced-to-fifteen-years
WEBMay 19, 2022 · Darrell Thomas has been sentenced after pleading guilty to conspiracy to commit bank fraud and wire fraud and to money laundering for masterminding a scheme to obtain 14 fraudulent loans totaling approximately $11.1 million from the Paycheck Protection Program ("PPP").
DA: 78 PA: 42 MOZ Rank: 28