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SBA loan forgiveness for PPP, EIDL and 7(a) loans

PPP loans are fully forgivable if requirements are met. EIDL loans advance up to $15,000 don't require repayment. Other SBA ...
Case Western Reserve University

Law's Richard K. Gordon explains how criminals took advantage of the Payroll Protection Program application process

CBS News: Richard K. Gordon, director of the Financial Integrity Institute and professor of law, explained that the Payroll Protection Program application process itself created the opportunity for ...
JD Supra

Paycheck Protection Program (“PPP”) Loan Fraud: A Survey & Analysis of Recent Civil & Criminal Enforcement Outcomes

The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was a federal law enacted in or around March 2020 designed to provide emergency financial assistance to the millions of Americans who ...
KNSI

SBA Suspends Nearly 7,000 Minnesota Borrowers Over Suspected Pandemic Loan Fraud

(KNSI) – The U.S. Small Business Administration has suspended nearly 7,000 Minnesota borrowers over suspected fraudulent ...
Chicago Sun-Times

Suburban trio got kickbacks to arrange hundreds of thousands of dollars in fraudulent PPP loans, FBI says

Why are we asking for donations? Why are we asking for donations? This site is free thanks to our community of supporters. Voluntary donations from readers like you keep our news accessible for ...
Forbes

FinTech Founder Pleads Guilty In Paycheck Protection Program Fraud Scheme

One of the founders of the lender service provider Blueacorn has entered a guilty plea in a scheme intended to fraudulently obtain COVID relief money through the Paycheck Protection Program (PPP). A ...