An online lending platform called Kabbage sent 378 pandemic loans worth $7 million to fake companies (mostly farms) with names like “Deely Nuts” and “Beefy King.” Continue Reading Hundreds Of PPP Loans For Pandemic Read More
The Small Business Administration had to quickly disburse coronavirus relief loans. But some of that may have been handed out to fraudsters, an agency report says. Continue Reading Billions In COVID-19 Relief Loans May Have Read More
Prosecutors say those charged attempted to steal more than $175 million from the Paycheck Protection Program, which is meant to provide relief to small businesses impacted by the pandemic. Continue Reading 57 People Face Federal Charges Read More
Not-so-small companies like Shake Shack and organizations like the LA Lakers were able to get loans that were meant for suffering small businesses. What happened? Continue Reading How The Small Business Loan Program Went Wrong In Just 4 Read More