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

IRVINE, Calif. (KABC) -- An Irvine man allegedly obtained about $5 million in federal coronavirus-relief loans for his fake businesses and then spent the funds on himself, including buying Ferrari, ...

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 ...

RALEIGH, N.C. (WNCT) — An IT solutions company called DynPro, Inc. will have to pay $2,178,254 to resolve a liability for a false Paycheck Protection Program (PPP) loan from the U.S. Small Business ...

A Connecticut restaurant and lounge owner who admitted to defrauding pandemic relief programs for over $750,000 has been sentenced to over a year in federal prison. Omar Rajeh, 57, of Hamden, was ...

BRUNSWICK COUNTY, N.C. (WECT) - A business headquartered in Brunswick County has agreed to pay nearly $1.5 million in restitution and penalties as part of a criminal settlement. Campbell Sales Group, ...

The U.S. Small Business Administration and the Treasury Department will reopen the Paycheck Protection Program Jan. 11 to new borrowers and certain existing PPP borrowers, the agency said Friday. “To ...

Three companies based in North America but owned by Chinese government-run enterprises have agreed to pay more than $21.6 million to the United States. This payment settles allegations that they ...

Last week, the federal government quickly hit its limit on the first wave of payroll protection plan (PPP) loans, a $349 billion program intended to support small businesses as part of the CARES Act ...

MORRISON, Colo. — A Morrison man will spend nearly four years in prison and has been ordered to pay more than $900,000 after he illegally obtained funds through the Paycheck Protection Program (PPP) ...