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Hialeah Tax Preparer Charged with COVID-19 Loan Fraud
A South Florida tax preparer was charged Tuesday by criminal information with wire fraud in connection with a scheme to obtain over 100 COVID-19-relief loans under the Paycheck Protection Program (PPP).
Dayton ‘investigation & security’ business owner sentenced to prison for COVID-relief fraud
DAYTON – A Dayton woman was sentenced in federal court today to prison for fraudulently obtaining more than $2.5 million in pandemic relief loans.
Washington State tech executive pleads guilty to wire fraud and money laundering in connection with PPP loans
Seattle – A Washington tech executive pleaded guilty today to wire fraud and money laundering in connection with his scheme to obtain over $5.5 million in Paycheck Protection Program (PPP) loans and laundering the proceeds, announced Acting U.S. Attorney Tessa M. Gorman for the Western District of Washington.
Duplicate Loans Made Under the Paycheck Protection Program
SBA OIG reviewed PPP regulations and the Paycheck Protection Program and Health Care Enhancement Act, in addition to guidance published in SBA’s PPP Interim Final Rules and PPP Frequently Asked Questions.We determined SBA did not always have sufficient controls in place to detect and prevent duplicate PPP loans. As a result, lenders made more than one PPP loan disbursement to 4,260 borrowers with the same tax identification number and borrowers with the same business name and address. These disbursements totaled about $692 million for PPP loans approved from April 3 through August 9, 2020.We...
Little Rock Woman Sentenced to 41 Months in Prison For COVID Relief Fraud
Ganell Tubbs, 41, Little Rock, was sentenced to 41 months in federal prison after fraudulently obtaining nearly $2 million in Paycheck Protection Program (PPP) loans intended to provide relief for small businesses affected by COVID-19.
Couple Pleads Guilty to $1.1 Million COVID-Relief Fraud After Falsely Claiming to Be Farmers
A Florida couple pleaded guilty for their participation in a scheme to file four fraudulent loan applications seeking more than $1.1 million in forgivable Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
Broken Arrow Man Pleads Guilty to Fraudulently Applying for Paycheck Protection Program Forgivable Loan
Tulsa– A Broken Arrow man pleaded guilty today for fraudulently applying for a Paycheck Protection Program forgivable loan guaranteed by the Small Business Administration under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, announced Acting U.S. Attorney Clint Johnson.
Man Pleads Guilty to Directing COVID-Relief Fraud Scheme
A Wisconsin man pleaded guilty today for his role in fraudulently obtaining over $1 million in Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.