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For the past several months, we have been seeing consumer finance companies turned down for forgiveness of their PPP Loans based upon the determination of ineligibility for such loans under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). So, notwithstanding that their banks made PPP loans to them in good faith, the SBA […]

The Small Business Administration’s watchdog has been asked to investigate after a Virginia radio company that was paid millions of dollars to broadcast Chinese Communist Party propaganda received more than $100,000 through the Paycheck Protection Program. Potomac Radio Group, which registered this month under the Foreign Agents Registration Act for its work for Chinese state-run […]

SCOTTSDALE, AZ — A Valley company, which helped gig workers and mom-and-pops get the federal loans to stay in business during the pandemic, is now at the center of a Congressional probe into whether the loans were made to fraudulent or ineligible applicants. Blueacorn was founded in Scottsdale and helped process more than $12 billion […]

Officer Toni Richardson resigned from her position in Phoenix and has been charged with money laundering and conspiracy. Uncle Sam isn’t playing around when it comes to those Paycheck Protection Program (PPP) loans. They were instituted during the quarantine last year to help small businesses stay afloat, but by the thousands, people began taking advantage […]

The Division of Justice reported Wednesday that “For the reason that PPP started, Fraud Part attorneys have prosecuted greater than 100 defendants in additional than 70 felony instances. The Fraud Part has additionally seized greater than $65 million in money proceeds derived from fraudulently obtained PPP funds, in addition to quite a few actual property […]