The rapid rollout of the Paycheck Protection Program raises fraud risk, government watchdog finds

As of June 12, the Small Business Administration processed some $ 512 million in PPP loans for business owners in need. The speedy implementation of the program and limited underwriting could lead to potential fraud, the Government Accountability Office found. … Read more…

Coronavirus fraud: Two New England men are first to be charged with scamming small business loan program

The men are charged with fraudulently applying for more than $ 500,000 in assistance from the new CARES Act Payroll Protection Program, which is designed to help businesses affected by the coronavirus outbreak. Small Business BEST DEAL UPDATE: A way … Read more…