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Woodbridge man sentenced to 32 Months for $2.3 Million pandemic relief program scheme

Hamed submitted fraudulent PPP loan applications on behalf of several companies, overstating employee numbers, average ...

Woodbridge man sentenced for $2.3 million PPP loan fraud

A 60-year-old Woodbridge man was sentenced to two years and eight months in federal prison on Monday after pleading guilty to ...

Brookfield golf club to pay $1.2M for 'improperly obtained' PPP loan

Westmoor Country Club in Brookfield will pay $1.25 million to the federal government to settle claims it improperly obtained a loan through the Paycheck Protection Program.

CT accountant gets almost 3 years in prison for defrauding COVID relief program out of over $2.3M

A Connecticut man has been sentenced to more than two years in federal prison and was ordered to pay about $2.3 million in restitution for defrauding a COVID-19 pandemic relief program. Yasir G. Hamed ...

Southwick company to pay $2 million to settle PPP loan fraud allegations

A Southwick-based company has agreed to pay more than $2 million to resolve allegations that it improperly obtained a federal ...

Southwick business reaches agreement over loan fraud

As part of the settlement, Comark admitted to receiving a PPP loan in January 2021, meant to be used as financial assistance ...

Minnesota fraud case is biggest among many multimillion-dollar pandemic scams. Here are the 10 most costly.

Luxury cars, homes, jewelry and casino trips were among the spoils of some of the biggest pandemic era fraud cases, according to a CBS News review of five years of government records and data.
India West

2 Plead Guilty To Multimillion-Dollar PPP Covid Fraud

NEW YORK, NY (IANS) – Two men have pleaded guilty to their role in a scheme to fraudulently obtain and launder millions of dollars in forgivable Paycheck Protection Program (PPP) loans that the Small ...
Mainebiz

Norway man sentenced to 2 years in prison for PPP loan fraud

A Norway man has been sentenced to two years in prison and ordered to pay $253,646 in restitution for filing fraudulent applications for loans from the federally funded Paycheck Protection Program.
Reuters

U.S. SBA Says Since Round 2 Of PPP Loan, 2.2 Mln Loans Have Been Made To Small Businesses

* SBA-SINCE LAUNCH OF PPP ON APRIL 3, SBA PROCESSED OVER 3.8 MILLION LOANS FOR MORE THAN HALF A TRILLION DOLLARS OF ECONOMIC SUPPORT IN LESS THAN A MONTH Source text for Eikon: ...
Chicago Sun-Times

2 former Chicago police officers charged in $2 million COVID-19 relief fraud

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Inc

SBA Glitch Halted $2.2 Billion Worth of PPP Loans To Treasury Collections

An internal system glitch at the Small Business Administration failed to notify some business owners that their past-due loans were headed towards collections. But internal glitches also blocked ...