The Latest Breaking News from Paycheck Protection Program

GOPer cashes in on COVID aid she trashed

Monica De La Cruz runs on a campaign against runaway spending and “socialist” policies

Salon · Aug 23, 2022

PPP program was awash in fraud. Now, one lender may finally face a legal reckoning

The Paycheck Protection Program was one of the signature federal economic relief measures in the early days of the COVID-19 pandemic, providing small businesses loans of up to $10 million that were forgivable if used for payroll and other approved expenses.

McClatchy Washington Bureau · Jul 13, 2022

Thieves hit on a new scam: Synthetic identity fraud

In fall 2020, 43-year-old Adam Arena and a dozen suspected co-conspirators were indicted in New York on charges of trying to swindle banks out of more than $1 million through a scheme known as “synthetic identity fraud.”

Tribune News Service · Apr 7, 2022

7 ways small-business owners can save on taxes in 2022

Small-business owners, freelancers and people with side gigs can reduce their tax bills and their anxiety levels this tax-filing season by knowing the taxability rules for Paycheck Protection Program money, taking advantage of new deductions for business meals and mileage and putting money in tax-advantaged retirement accounts designed for self-employed…

The Independent UK · Feb 11, 2022

The Federal Government's Pandemic Jobs Program Was a Resounding Failure

Most of the $800 billion Paycheck Protection Program went to business owners, not preserving jobs, according to a new study.

Reason · Feb 9, 2022

Red flags ignored as federal loans flew out the door

One woman being prosecuted in Atlanta for defrauding the Paycheck Protection Program is a Walmart bakery worker. Authorities say she helped a cousin apply for pandemic bailout loans in a multi-state scheme involving phony businesses.

Tribune News Service · Jan 24, 2022