Tens of thousands of fraudsters splurged on Lamborghinis, vacation homes, private jet flights and Cartier jewelry by fleecing the PPP loan system in a $200 billion heist — and did it because the ...

Mr. Biden made that comparison in a press conference on Friday afternoon, pointing out that many members of Congress received PPP loans that were forgiven. "I was trying to provide students with $ ...

We never found any reason to believe the official received one of the forgivable loans in the Paycheck Protection Program, or PPP, meant to keep businesses afloat and preserve jobs during the ...

According to a new report, some 1.8 million "flags" applied to loans issued as part of the Paycheck Protection Program (PPP) that indicated the loans might be fraudulent or otherwise incorrectly ...

However, a new report released by a congressional subcommittee suggests that many lenders did little if anything to prevent PPP fraud–and some actively engaged in it. A nearly two-year ...

Facing numerous federal investigations into its PPP lending practices, Kabbage or, to be more accurate, the shell of what was once Kabbage, filed for bankruptcy this week. Kabbage was acquired by ...

The pandemic-era Paycheck Protection Program (PPP) was a bloated, wasteful mess—and now the guy responsible for running it is getting a promotion. President-elect Donald Trump announced ...

Comparing loan forgiveness granted to borrowers pursuant to the PPP to President Biden’s Student Loan Debt Relief Plan dishonestly conflates two vastly differently conceived policies.

Two Raytown residents fraudulently obtained a PPP loan after paying a co-conspirator to submit an application claiming they had income from a business, which neither did. The second of the two ...

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Introduced in March 2020, The PPP emergency loan program was formed as one part of the 2 trillion dollar CARES Act. The act authorised the distribution of more than 600 billion dollars in ...