IRVINE, Calif. (KABC) -- An Irvine man allegedly obtained about $5 million in federal coronavirus-relief loans for his fake businesses and then spent the funds on himself, including buying Ferrari, ...

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One of the founders of the lender service provider Blueacorn has entered a guilty plea in a scheme intended to fraudulently obtain COVID relief money through the Paycheck Protection Program (PPP). A ...

RALEIGH, N.C. (WTVD) -- A scam alert for small business owners. This scam targets business owners who got financial relief from the Paycheck Protection Program during COVID-19. The PPP loans didn't ...

Big companies that received loans under the Payment Protection Program may be forced to give it back. The Small Business Administration issued new guidelines for borrowers. It implies that if ...

DANIA BEACH, Fla. (CBS12) — Two Venezuelan natives who were granted Temporary Protected Status (TPS) in the U.S. have been charged with submitting false and fraudulent Payment Protection Program loan ...

Why are we asking for donations? Why are we asking for donations? This site is free thanks to our community of supporters. Voluntary donations from readers like you keep our news accessible for ...

A South Jersey health system is paying $3.1 million to settle allegations that it improperly took a loan from the federal Paycheck Protection Program during the Covid era. The payment by Shore Medical ...

The Small Business Administration will resume accepting applications on Monday for the Paycheck Protection Program, or PPP, and borrowers that have already applied will be back in contention, ...

A founder of a lending service company has pleaded guilty to a serious crime involving fake loans tied to the COVID-19 relief program. Nathan Reis, who co-founded the company Blueacorn, admitted to ...

In March of this year, the SBA began referring around $20 billion in delinquent PPP Loans with balances of less than $100,000 to the Treasury Department for collection, and another 10,000 delinquent ...