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The SBA is seeing more and more lenders submit delinquent PPP loans to be purchased by the agency — but that doesn't mean borrowers are off the hook. The number of Paycheck Protection Program ...
The loans collectively do not represent a huge percentage of the 11.5 million PPP loans the SBA issued across several rounds of the program during the height of the pandemic.
The Ohio Department of Commerce Division of Financial Institutions has issued a consumer alert to residents regarding a scam that’s targeting recipients of Paycheck Protection Program loans in ...
Al Clint LaRoche, of West Palm Beach, pleads guilty to two counts of bank fraud involving more than $1 million from the Paycheck Protection Program loan program, the Department of Justice announced.
The pandemic-era program yielded over $60 billion in fraudulent payments, with prosecutions expected for another five years.
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