Latest PPP News


  • Business Executive Charged With $1m PPP Fraud

    According to the Philadelphia Business Journal, the owner of a Philadelphia construction company is facing fraud charges for allegedly falsifying information on a Paycheck Protection Program loan application in order to obtain nearly $1 million, which he used to purchase a variety of big-ticket items, including a new house in Florida.

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  • PPP Fraud Network In Braddock, Pennsylvania

    Braddock, a tiny town in Pennsylvania, may be at the core of a PPP fraud network.

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  • Chinese Man Found Guilty Of $20 Million Dollar PPP Fraud Scheme

    The United States Attorney for the Southern District of New York, Audrey Strauss, announced today that MUGE MA, a Chinese national who lived in New York, New York, pled guilty in connection with a fraudulent scheme to obtain over $20 million in Government-guaranteed loans designed to help small businesses during the novel coronavirus/COVID-19 pandemic. MA falsely represented to the U.S. Small Business Administration (“SBA”) and at least five financial institutions that his companies, New York International Capital LLC (“NYIC”) and Hurley Human Resources LLC (“Hurley”), had hundreds of employees in connection with loan applications for relief available from the Paycheck Protection Program (“PPP”) and the Economic Injury Disaster Loan (“EIDL”) Program. MA was arrested on May 21, 2020, and has been jailed since that time. He plead guilty today in front of United States District Judge Richard M. Berman and is set to be sentenced on September 22, 2021, at 11:00 a.m.

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  • New Yoker Confesses To PPP Fraud

    According to court papers, a guy from Brooklyn acknowledged to collaborating with another individual from Saugerties to receive more than $5.6 million in false loans through the United States government's pandemic assistance program.

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  • Congress Investigating Bluevine And Kabbage For PPP Fraud

    Congress has launched a formal inquiry into possibly fraudulent Paycheck Protection Program loans provided by internet lenders such as BlueVine and Kabbage.

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  • Couple Charged With $1 Million Dollar PPP Scam

    A Cattaraugus County man with prior felony fraud convictions and an Oklahoma woman have been charged with bank fraud and other crimes in connection with what federal prosecutors describe as an illegal scheme to obtain nearly $1 million through the federal government's Covid-19 relief Paycheck Protection Program.

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  • Department Of Justice Cracking Down On PPP Loan Fraud

    Billions of dollars dispersed in the form of fraudulent PPP Loans have been identified since September 2020

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  • Time's Running Out For PPP

    The deadline for when the SBA will stop accepting PPP loans is rapidly approaching.

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  • Camden County Residents Charged In $1.4m Covid-19 Relief Fraud

    Two Camden County residents have been charged for their role in a $1.4M COVID-19 relief fraud scheme.

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