Articles Tagged with PPP

Published on: October 27, 2022

3 Suspects Stole over $1 M from PPP with Fraudulent Claims

Three people are facing charges for allegedly stealing approximately $1 M in COVID-19 relief funds from the Paycheck Protection Program (PPP).

The U.S. Attorney’s Office in the Western District of North Carolina reported that during an investigation of a possible fraud case, it was discovered that between March and November 2021, almost $1 M was fraudulently taken from the PPP.

It was believed that the money was stolen through many fraudulent applications that were submitted for PPP relief in different states for businesses that were not real.

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Published on: July 2, 2020

Suspects Stole Over $1.4M from PPP and Tried to Flee Country

by Staycie R. Sena

A married couple from Virginia accused of pilfering more than $1.4 M from the Paycheck Protection Program was taken into custody at the airport when it was discovered they were leaving the U.S. in a purported attempt to escape criminal penalties.

Since the novel coronavirus (COVID-19) put many small businesses in danger of having to shut their doors, the U.S. Small Business Association began offering a loan called the Paycheck Protection Program (PPP). It was designed to help owners keep their employees on the payroll during the pandemic.

A press release from the Justice Department informed the public that they found purportedly fraudulent PPP applications submitted to at least a dozen institutions during the months of April and May, and they asserted the responsible parties were a couple from Ashburn.

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