SBA freezes over 100,000 California borrowers in sweeping $9B pandemic fraud crackdown

Trump SBA suspends over 111,000 California borrowers in massive fraud crackdown involving $9 billion in suspected pandemic ...

SBA Suspends 111,620 California Borrowers Suspected of Committing $8.6 Billion in Pandemic-Era Fraud

Today, following a visit to San Diego, U.S. Small Business Administration (SBA) Administrator Kelly Loeffler announced that the agency has suspended 111,620 California borrowers amid suspected ...
Federal Reserve Bank of San Francisco

Is the PPPLF Still Encouraging Small Business Lending?

The Federal Reserve designed its Paycheck Protection Program Liquidity Facility to ease liquidity issues and support small ...
Yahoo

US Small Business Administration suspends 6,900 MN borrowers for suspected fraud

Thousands of Minnesota borrowers are suspended from the U.S. Small Business Administration for suspected fraud activity. Officials say borrowers were approved for 7,900 Paycheck Protection Program and ...

Georgia Man Sentenced To Nearly 15 Years For $13 Million Covid Relief Fraud And Tax Schemes

Federal prosecutors claim that Carl Delano Torjagbo siphoned millions in Paycheck Protection Program (PPP) funds and filed fraudulent tax returns to generate tax refunds.