Two founders of fintech firm Blueacorn were indicted in connection to a widespread Paycheck Protection Plan fraud scheme in the Northern District of Texas, the Department of Justice announced Friday.

As the U.S. government this month begins allowing small businesses to not repay their loans from a $525 billion pandemic relief plan, shifting the cost to American taxpayers, the process and the ...

In May 2021, Terry Kilcrease thought he saw a lifeline. He was out of work, living in a hotel in Lewisville, Texas, when he ran across a promising ad on Facebook. People who worked for themselves, it ...

COLUMBUS, Ohio (WOIO) - The Ohio Department of Commerce Division of Financial Institutions has issued a consumer alert to residents regarding a scam that’s targeting recipients of Paycheck Protection ...

Former Illinois State University basketball player Lorenzo Gordon was given $272,774 after fraudulently applying for PPP (Paycheck Protection Program) and EIDL (Economic Injury Disaster Loan ) loans.

Here's what it means for businesses and for the agency. The story has been updated to show PPP borrowers received collections notices after the initial delay. The Small Business Administration saw ...

The U.S. Attorney's Office in Atlanta said 49-year-old Carl Delano Torjagbo was convicted of several crimes after obtaining a fraudulent $9.6 million PPP loan and filing fraudulent tax returns that ...

Resident, who posed as a financial advisor, pleads guilty to a multi-million dollar fraud that targeted retirement accounts, ...