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The Latest Breaking News from PPP

Illinois’ biggest consumer bankruptcy firm DebtStoppers files for Chapter 11 bankruptcy

The Semrad Law Firm, which advertises as DebtStoppers, got millions in taxpayer-backed PPP loans while cutting U.S. staff and employing a Bulgarian company in which the law firm’s leaders have an ownership stake.

Chicago Sun-Times

Better collaboration between public and private sectors could improve urban public transportation

It’s no secret that Toronto is falling behind on sustainable transportation compared to other cities around the world, hurting the city’s economy, quality of life and reputation.

The Conversation

Joe Biden's Incoherent Student Loan Logic

Plus: Fewer cops, less crime; free beer; and more....

Reason

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read the most diverse news in one place.

Scammers used doll faces to secure in Covid pandemic aid in PPP fraud

‘There were billions of dollars of fraud in the PPP program and Womply played a large role in facilitating this fraud’

The Independent UK

Scammers Stole $200 Billion From Two Federal COVID Aid Programs

A new audit says one out of every $6 distributed by the Small Business Administration during the pandemic was stolen.

Reason

Federal watchdog says over $200 billion in pandemic business loans look fraudulent

The Inspector General of the Small Business Administration has released a "landscape of fraud" report highlighting why 17% of PPP and other loans appear bogus

WEKU

Over $200 billion in pandemic business loans appear to be fraudulent, a watchdog says

The Office of Inspector General of the Small Business Administration has released a "landscape of fraud" report highlighting why 17% of PPP and other loans appear bogus.

WEKU

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The Great Replacement is a comic trip down a dark rabbit hole

A PLAY, a Pie and a Pint (PPP) – the successful lunchtime play series at the Òran Mór venue in Glasgow – is currently celebrating its 20th…

The National (Scotland)

'I am not a candidate for chairmanship of Pakistan Cricket Board' - Najam Sethi

Najam Sethi, the interim chief of the Pakistan Cricket Board (PCB), has decided not to seek a permanent position as PCB chairman.

The Times of India

Pandemic relief scammers have stolen billions nationwide. Illinois is poised to get tougher on them.

Gov. J.B. Pritzker is expected to sign a bill that extends the statute of limitations to prosecute pandemic relief fraud. The federal government last year made a similar move, as billions in Paycheck Protection loans and other relief have been stolen or misspent across the country.

Chicago Sun-Times

Over $400 Billion in COVID Aid Was Stolen or Wasted

A new Associated Press analysis of government data suggests 10 percent of all COVID aid was lost to fraud or theft. That figure will likely grow.

Reason

Maple & Ash restaurant accused in lawsuit of misusing federal pandemic relief aid for businesses

The suit accuses the restaurants of diverting taxpayer money for private jets and country club dues, which the owners of the Gold Coast steakhouse and a sister restaurant in Scottsdale, Ariz., deny doing.

Chicago Sun-Times

County workers’ alleged PPP fraud is shameful example of cooking the books

Dozens of workers have resigned, been fired or are being investigated, including the latest allegations involving Chicago Park District employees. It’s part of the massive nationwide pandemic relief fraud that is costing us billions.

Chicago Sun-Times

PPP fraud probe results in 6 Chicago Park District employees resigning, 5 facing discipline

Separately, City Hall Inspector General Deborah Witzburg’s investigation of COVID relief Paycheck Protection Program fraud “is a large-scale undertaking” that could lead to criminal charges.

Chicago Sun-Times

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Chicago Sun-Times

Dozens of Cook County employees out after PPP fraud probe, Walmart closings fallout and more in your Chicago news roundup

Today’s update is about an eight-minute read that will brief you on the day’s biggest stories.

Chicago Sun-Times

Dozens of Cook County employees resign or are fired in clerk of court, county inspector general’s PPP fraud probe

Forty-eight court clerk’s office employees “no longer work” there after investigators found they defrauded the federal COVID relief Paycheck Protection Program. Six employees of other county agencies also have been found to have defrauded federal relief programs.

Daily Record

South Ayrshire councillors facing toughest ever budget this week

South Ayrshire Council faces a £37.8m financial shortfall over the next three years, but is using new PPP guidance to ease impact.

The Independent UK

Man who spent $5m Covid relief funds on luxury sports cars and vacations is jailed

Mustafa Qadiri ordered to pay millions in restitution

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The Independent UK

California man who spent $5m Covid relief funds on luxury sports cars and vacations jailed

Mustafa Qadiri ordered to pay millions in restitution

Los Angeles Times

Rolls-Royce, Porsche, Cartier: How a California man spent PPP loans and went to prison

LOS ANGELES — An Irvine man went on a luxury spending spree with fraudulently obtained PPP loans, buying himself luxury cars and designer swag, and landing himself in prison, federal prosecutors announced Friday.

Chicago Sun-Times

Ja’Mal Green business steered COVID-19 relief loan applicants to lenders faulted by Congress for ignoring fraud

In hindsight, government oversight of lenders was lax, mayoral hopeful says, but many small businesses denied by traditional banks got the help they needed.

Chicago Sun-Times

PPP fraud uncovered in Chicago, informant reveals $100K bounty on FBG Duck and more in your Chicago news roundup

Today’s update is a 5-minute read that will brief you on the day’s biggest stories.

Chicago Sun-Times

Clusters of pandemic relief loans went to the same Chicago addresses, including homeless shelters, Sun-Times finds

One Paycheck Protection Program loan recipient who used a Salvation Army address said he was a farmer. A dozen others said they operated barber shops or beauty salons. Most got loans of about $20,000, the maximum based on a yearly income of at least $100,000.

WEKU

How the Paycheck Protection Program went from good intentions to a huge free-for-all

An NPR analysis of data released by the Small Business Administration shows the vast majority of Paycheck Protection Program loans have been forgiven, even though the program was rampant with fraud.

Chicago Sun-Times

COVID relief fraud probe includes over 50 employees in Cook County Clerk of Court Iris Martinez’s office

Other city and county agencies also have been looking into employees’ loans under the federal Paycheck Protection Program.

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