PPP loans are fully forgivable if requirements are met. EIDL loans advance up to $15,000 don't require repayment. Other SBA ...

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.

Toby Moskovits and Michael Lichtenstein were charged with fraudulently trying to obtain $5 million in PPP and EIDL funds ...

A Marina del Rey man pleaded guilty Thursday to submitting fraudulent loan applications to obtain nearly $3.2 million in COVID-19 loans for businesses that prosecutors say were shell companies. Mark ...

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 ...

James Frank Austin allegedly purchased a Bentley after receiving nearly $2 million in funds. Former Georgia State House candidate James Frank Austin Jr. was indicted by a federal grand jury for filing ...

A former Merrill Lynch advisor has pleaded guilty to stealing more than $2.7 million dollars from investors and scamming the government’s pandemic program out of nearly $4.8 million. Jared Dean Eakes, ...

TRENTON, N.J. – An owner of several New Jersey businesses was sentenced yesterday to 41 months in prison for fraudulently obtaining over $3.2 million in federal Paycheck Protection Program (PPP) loans ...

With stay-at-home orders in place across the U.S., revenues for the nation’s 30 million small business have dried up, and many businesses have had to lay off employees. To aid these companies and ...

MADISON (WKOW) -- A Madison man was convicted of wire fraud of COVID-19 relief funds after submitting over a dozen false loan applications, the Department of Justice said. A jury convicted Eric ...

The Paycheck Protection Program (PPP) is a $35 billion support package for small businesses, and was signed into law on March 27 as part of the $2.2 trillion Coronavirus Aid, Relief, and Economic ...