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.

Sandeep Grover had faced more than 12 years in prison for allegedly filing false Paycheck Protection Program loan ...

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.

A California man pleaded guilty to "conspiracy to commit wire fraud and bank fraud" as a result of his involvement in a scheme to defraud the U.S. government out of $15.9 million in COVID-19 pandemic ...

According to court documents, Nathan Reis, 45, and Stephanie Hockridge, 41, both of Puerto Rico, and previously of Arizona, are alleged to have submitted false and fraudulent PPP loan applications ...

Benworth has already paid Womply nearly $465 million, which is over two-thirds of the more than $680 million in fees it earned from approving PPP loans, according to court records.

What’s more, executives tied to these online lenders obtained millions in PPP loans themselves that might have been fraudulent in their own right. And much like the dozens of PPP borrowers who ...

Since the initial deadline, another 65,261 loans had been approved as of July 17, but the number of PPP loans topping $1 million decreased by 919, from 82,708 to 81,789.

Whether you want to leverage debt for expansion or day-to-day operations, comparing many loan options is the way to find business financing with costs that don’t exceed your return on investment. To ...