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Another employee, at the county’s Board of Review, falsely stated she had earned $176,000 in revenue from a hairstyling business when she sought and won a $20,832 PPP loan, according to the report.
The government, through the Small Business Administration, gave out nearly $790 billion in PPP loans between March 2020 and May 2021, when the program ended, public records show.
Officials promised a robust review process before forgiving PPP loans, but most loans could be forgiven with a simple, one-page form. Meanwhile, just 2% of loans have gotten close, hands-on reviews.
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 ...
Prosecutors claim that Martinez falsified documents by inflating his number of employees and payroll to secure his company a PPP loan of $280,000. Prosecutors also claim that Martinez used those same ...
Angel Strunk borrowed $14,165 as a self-employed office worker in April 2021. SBA approved a loan forgiveness of $14,204 – which is the loan amount plus accrued interest – on Aug. 12, 2021.
The PPP program gave out hundreds of billions of dollars in forgivable loans to be used to keep businesses afloat during the early months of the COVID-19 pandemic, but it has been rife with fraud ...
Who Got PPP Loans? List Shows Hollywood Talent Agencies, Law Firms, AFI And Kanye West’s Clothing Brand Among Recipients Of COVID-19 Relief By Ted Johnson, Dade Hayes July 6, 2020 1:03pm ...
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