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California Man Arrested in Massive $27 Million PPP Fraud Scheme

A California man was arrested for his alleged involvement in a fraud scheme to obtain $27 million in Paycheck Protection Program (PPP) loans.

California Man Charged With Using $5M COVID Loans To Buy Ferrari, Lamborghini

California Man Used $5M COVID Loans To Buy Ferrari, Lamborghini

May 11, 2021 01:02 AM EDT By Jess Smith

After obtaining $5 million in federal COVID loans for phony businesses, a California man pleaded not guilty to the charges.

Here Are Some Things You Need to Know About PPP Forgiveness

Oct 22, 2020 05:58 AM EDT By Dana Cruz

Applications for the Paycheck Protection Program (PPP) forgiveness were received by the Small Business Administration in August.

Justice Department: US Charged 57 People with PPP Fraud Cases

Sep 10, 2020 10:41 PM EDT By Dana Cruz

The Justice Department announced Thursday that the United States has charged 57 people for committing Paycheck Protection Program (PPP) fraud.

Treasury Secretary Mnuchin Briefs Media On New Iran Sanctions

Mnuchin to Congress: Pass Stand-Alone Coronavirus Relief Bill to Repurpose PPP Funds

Sep 02, 2020 05:59 AM EDT By Dana Cruz

Steve Mnuchin, Treasury Secretary, said passing a stand-alone coronavirus relief bill that revamps the Paycheck Protection Program (PPP) is the "easiest" option to continue helping small businesses.

A general view of a 'Speedy Cash' cash loans shop on Brixton High Street on November 1, 2012 in London, England.

Coronavirus: Multi-Million Dollar Firms Receive Federal Loan, Small Businesses File for Bankruptcy

Jul 07, 2020 11:24 AM EDT By Dani O.

Law firms, elite private and charter schools, and celebrity-owned businesses received taxpayer-funded relief packages from the administration worth between $150,000 and $5 million.