Nathan Reis pleaded guilty last week to conspiracy to commit wire fraud; a Texas jury convicted his wife, Stephanie Hockridge, of the same charge in June.

Former Stockton Mayor Anthony Silva faces federal bank fraud and aggravated identity theft charges after prosecutors said he ...

Ex-Stockton Mayor Anthony Silva faces federal fraud charges tied to a PPP loan, adding to a history of scandals.

A Cross Lanes woman who pleaded guilty to a COVID-19 relief fraud scheme has been sentenced, prosecutors said.

One estimate pegged the overall amount of potentially fraudulent loans at more than $64 billion and said that fintech lenders, which had more lax approval standards, bore much of the blame.

Of 8,308 such charged-off PPP loans reviewed by the IG through the end of 2022, SBA did not refer 7,550 of them to the Treasury Department — about 91% of the total.

The average loan approved on the day the program launched was about $706,000, according to government data. By the end of the first week, the average had dropped to $357,000.

As of Tuesday, the SBA had approved 4.9 million loans totaling $520.6 billion, leaving more than $130 billion still available.

More than 90% of the $1 million-plus loans got approved in the first month. In contrast, only 56% of loans of less than $150,000 were approved in the same period. $1M-2M $2M-5M $5M-10M ...

Five Houston men have pleaded guilty to their participation in a scheme to fraudulently obtain and launder millions of dollars in forgivable Paycheck Protection Program (PPP) loans under the ...

The Archdiocese of Galveston-Houston was approved for a $4M PPP loan, First Baptist Church of Houston was approved for a $3.1M PPP loan, St. Luke’s United Methodist Church was approved for a PPP ...