fbpx

PPP Was a Fraudster Free-for-All, Investigators Say

PPP Was a Fraudster Free-for-All, Investigators Say

WASHINGTON—The federal government is swamped with reports of potential fraud in the Paycheck Protection Program, according to government officials and

GE Appliances Turns Up the Speed on Supply-Chain Upgrade
Dunkin’ Closes Stores as Deal Talks Continue
Biden’s Penchant for Bold Stimulus to Test Deal-Making Skills

WASHINGTON—The federal government is swamped with reports of potential fraud in the Paycheck Protection Program, according to government officials and public data, casting a shadow on one of Washington’s signature responses to the coronavirus pandemic.

Congress and the Trump administration designed the PPP to give small businesses fast and easy access to taxpayer funds, and it worked: About $525 billion in loans were distributed to 5.2 million companies between April 3 and Aug. 8. Many business owners say it was a lifeline…

This post first appeared on wsj.com

Do You Enjoy This Article?
Sign up for our newsletter and receive FREE access to download SuccessDigest Digital Weekly Edition for attainment of your financial freedom in the new digital economy!

Invalid email address
We promise not to spam you. You can unsubscribe at any time.

COMMENTS

WORDPRESS: 0
DISQUS: 0
%d bloggers like this: