Minnesota, SBA and Fraud
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A federal judge will give former Phoenix news anchor Stephanie Hockridge an extra month before she must report to prison in the Blueacorn paycheck protection program loan fraud case.
Without naming individuals, the report listed more than 100 state employees who received more than $2.8 million in PPP loans.
Small Business Administration (SBA) head Kelly Loeffler said Monday that her department is halting annual grants to Minnesota, amid an investigation into alleged fraud in COVID-era lending programs. Loeffler said on the social platform X that the SBA is pausing yearly funding to Minnesota “while we investigate $430 million in suspected [Paycheck Protection Program]
The latest turn in a federal fraud investigation in Minnesota involves COVID-era loan programs through the Small Business Administration. The Trump administration is now focusing on Paycheck Protection Program loans offered at the height of the pandemic.
Fraud is usually found after the fact, once perpetrators have pocketed hundreds of thousands to billions of ill-gotten dollars. Washington pols on both sides of the aisle need to tighten oversight
The management company of the LaFontaine Automotive Group in Metro Detroit has agreed to pay $1.5 million to settle an alleged Paycheck Protection Program loan fraud. According to the U.S. Attorney's Office, LaFontaine Management Inc. is accused of ...
A Tooele woman was sentenced last week to more than a year in prison for fraudulently obtaining more than $177,000 in small business funds during the COVID-19 pandemic.