In October 2024, social media users ran amuck after reports surfaced that the U.S. government covertly started a campaign to ...

An El Paso businesswoman who helped clients apply for Payment Protection Program loans is accused of defrauding the COVID-19 ...

Illinois Attorney General Kwame Raoul announced Thursday he's filed charges against a woman for fraudulently receiving tens ...

and her husband Nathan Reis was arrested in Puerto Rico Thursday. The unsealed indictment alleges the pair submitted false ...

Many of the workers admitted they paid kickbacks to others to fill out phony applications to get loans through the Paycheck ...

Fourteen Texas residents and one Louisiana woman have been indicted for allegedly using falsified documents to obtain ...

Federal prosecutors announced the arrest of Araceli Benitez, 46, for alleged Paycheck Protection Program (PPP) fraud. Court documents state that Benitez allegedly submitted fraudulent loan ...

PPP loan fraud. Their arrests and convictions over the past year bring one of BSO’s worst scandals to a close. According to trial evidence, the Wades were working as detention deputies in 2021 ...

When a PPP loan is forgiven, the SBA transmits a payment to the bank of the loan principal plus accrued interest. The Consolidated Appropriations Act (CAA) indicates that PPP loan forgiveness is ...

Editor's note: Congress on Dec. 21 passed the Consolidated Appropriations Act, 2021, which includes language that clarifies the tax treatment of forgiven PPP loans allowing for small businesses to ...