Tag: Loan

California Man Pleads Guilty to Multimillion Dollar PPP Loan Fraud Scheme

A California man has pleaded guilty to conspiring with others in schemes involving millions of dollars in inflated tax returns and exploiting the Paycheck Protection Program (PPP). California Man Pleads Guilty to Tax and PPP Loan Fraud According to the Department of Justice, Thanh Ngoc Rudin and his brother along with others conspired to commit […]

Small Business Loan Approvals from Some Lenders Up Slightly in June

Loan approval rates continue to slowly rise, with Small Banks and Alternative Lenders seeing the strongest growth during June. Of all lenders, loan rates only decreased with Credit Unions, and that was just a 1% decrease. “We are nowhere near pre-pandemic approval percentages, however,” said Biz2Credit CEO Rohit Arora. “Still, these are positive signs.” “Rising […]

US House Passes 7 Small Business Bills – 2 for PPP and EIDL Loan Fraud

The House has passed seven bipartisan small business bills aimed at improving the operation and oversight of key Small Business Administration (SBA) programs. 7 Small Business Bills Pass US House The slew of bills includes legislation to extend the statute of limitations on small business pandemic fraud cases, enhance workforce development offerings, and improve the […]

Former Congressional Candidate Pleads Guilty to PPP Loan Fraud

Former Congressional candidate Nicholas Jones has pleaded guilty to charges of using Covid-19 relief funds for personal expenditures and falsifying records. Former Congressional Candidate Pleads Guilty to PPP Loan Fraud Court documents revealed that 26-year-old Jones from Boise in Idaho, applied for and received Covid-19 relief funds totaling $753,600 via the Paycheck Protection Program and […]