Ppp loan frauds list by name
The Justice Department has made at least 41 criminal complaints in federal court against nearly 60 people, who collectively took $62 million from the Paycheck Protection Program by using what law ...In his plea agreement, Polzin admitted to submitting 23 fraudulent loan applications for more than $3.5 million in loans from the PPP program and the Economic Injury Disaster Loan (EIDL) program ...Officials promised a robust review process before forgiving PPP loans, but most loans could be forgiven with a simple, one-page form. Meanwhile, just 2% of loans have gotten close, hands-on reviews.
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Jul 7, 2022 · Based on the defendants' misrepresentations, lenders approved at least three fraudulent PPP loans and disbursed more than $62,000 in federal COVID-19 emergency relief funds. The counts of bank fraud and bank fraud conspiracy each carry a maximum penalty of 30 years in prison and a maximum fine of $1 million.PPP Loan Recipient List By State —. New York. 734,808 TOTAL PPP LOANS. $60.7B TOTAL LOAN AMOUNT. $82,648 AVERAGE PPP LOAN. 9 AVG COMPANY SIZE. New York has a total of 734,808 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. This table shows the top 5 industries in New York by number of ...The scheme allegedly caused more than $240,000 in fraudulent PPP loans to be issued to ineligible borrowers, some of which were forgiven even though the funds were not used for the purposes specified in the PPP. According to the indictment, Golden-Larimore prepared and filed fraudulent PPP loan applications on behalf of the other co-conspirators.
Channel 2 Action News dug through thousands of pages of PPP data and found that more than 553,000 PPP loans were handed out in Georgia, totaling more than $24 billion. MORE STORIES FROM 2 ...August 9, 2023 — A Central Florida resident has been sentenced in federal district court for wire fraud as part of a scheme to defraud the Paycheck Protection Program (PPP) out of loan proceeds. These loans are guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security Act.A Florida company agreed to pay $9 million to resolve allegations it submitted false information in support of a PPP loan forgiveness application by applying as a small business with under 500 employees but actually had more than 3,000 employees. Two Michigan nonprofit organizations together paid $225,000 to settle allegations they obtained PPP ...Jan 21, 2022 · Mason, who allegedly submitted fake PPP loan applications for two of his own businesses, was accused of receiving a “success fee” of between 2-5% for loans awarded from the applications he ...In one of the earlier PPP loan fraud cases, Miami businessman David T. Hines, 34, was sentenced to more than six years after pleading guilty to stealing millions from the relief program and buying ...
April 28, 2020. If you're a business owner, you may be planning to apply for a loan through the SBA's Paycheck Protection Program (PPP) or Economic Injury Disaster Loans (EIDL) program. These programs recently got hundreds of billions of dollars in new funding. But, while you're focused on getting a loan, scammers may be focused on you ...The seventh employee obtained a $10,000 EIDL loan and two PPP loans totaling $40,050 while claiming she was sole proprietor of a “‘business consulting’ business,” according to the report.The new list includes the names and addresses of nearly 194,000 Illinois small businesses, sole proprietorships and nonprofits that received PPP loans of less than $150,000. ….
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Over the course of the Coronavirus Disease 2019 (COVID-19) pandemic, SBA disbursed approximately $1.2 trillion of COVID-19 Economic Injury Disaster Loan (EIDL) and Paycheck Protection Program (PPP) funds. The economic assistance was intended to help eligible small business owners and entrepreneurs adversely affected by the crisis.Name Jobs Reported Current Loan Loan Forgiveness; Amount ($) Date Approved Amount ($) Date; STEIN MART, INC. 500: 10,000,000: June 18, 2020: 10,142,740: Dec. 6, 2021: NEXTRAN CORPORATION: 500: ... That's why we published PPP loan data. When the government spends money, taxpayers deserve to know how it was spent, Clarion Ledger Editor Marlon A ...PPP Borrower Search Search for a borrower, or if you want to see how many people received loans in your state and other interesting facts, check out our PPP dashboard . Borrower Name: Search
PPP loan proceeds must be used by businesses on payroll costs, interest on mortgages, rent, and utilities. ... The loan application fraud count is up to 30 years in prison and a $1 million fine. The removal of property to prevent seizure count in the complaint alleges Ugarte received a payment of $60,957.82 for a wrecked tractor in Nevada after ...PPP Loan Recipient List By State —. Alabama. 169,558 TOTAL PPP LOANS. $9.4B TOTAL LOAN AMOUNT. $55,525 AVERAGE PPP LOAN. 7 AVG COMPANY SIZE. Alabama has a total of 169,558 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. This table shows the top 5 …He says this PPP scam would likely seek money and information from its victims. "In most cases, these bad actors are looking to scam victims out of money by claiming purported fees on the loan ...
winch ready redding ca The latest case of potential PPP loan fraud includes 52-year-old Dallas resident Kristen Fenrick. She is facing 45 years in prison after she applied and successfully got a PPP loan worth $405,340.A Georgia woman was sentenced today to 41 months in prison for her scheme to fraudulently obtain more than $7.9 million in Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. alvah halloran funeral homewest virginia trout stocking 2024 The indictment alleges that the defendants defrauded lenders of approximately $2.49 million in PPP loans and defrauded the SBA of approximately $256,500 in EIDL funds. Much of the money was allegedly used for the defendants' personal benefit, including the purchase of real estate and the lease and purchase of luxury automobiles.The Fraud Section leads the Criminal Division's prosecution of fraud schemes that exploit the PPP. Since the inception of the CARES Act, the Fraud Section has prosecuted over 200 defendants in more than 130 criminal cases and has seized over $78 million in cash proceeds derived from fraudulently obtained PPP funds, as well as numerous real ... michelin all terrain tires Name Jobs Reported Current Loan Loan Forgiveness; Amount ($) Date Approved Amount ($) Date; PATTERSON AUTO CENTER INC. 256: 3,691,532: April 10, 2020: 3,733,267: ... That's why we published PPP loan data. When the government spends money, taxpayers deserve to know how it was spent, Clarion Ledger Editor Marlon A. Walker says. ... casey's corporate number for employeeshotline2utulane sdn 2023 2024 An online lending platform called Kabbage sent 378 pandemic loans worth $7 million to fake companies (mostly farms) with names like "Deely Nuts" and "Beefy King.". Our latest ...A sprawling congressional report accuses several little-known financial technology companies, or fintechs, of reaping "billions in fees from taxpayers while becoming easy targets for those who... goddard school murfreesboro Jun 30, 2023 · PPP loans were designed to enable small businesses to pay their employees during the COVID-19 crisis. Baver is the owner and agent of ABE. On April 25 and 26, 2020, Baver submitted the fraudulent PPP loan applications to Northeast Bank and Meridian Bank. In each of the loan applications, Baver sought $10 Million of PPP loan funding for ABE.In April 2020, Congress authorized over $300 billion in additional PPP funding. The PPP allows qualifying small-businesses and other organizations to receive loans with a maturity of two years and an interest rate of 1 percent. PPP loan proceeds must be used by businesses on payroll costs, interest on mortgages, rent, and utilities. nc dmv kinston north carolinacraigslist pa pittsburghcraigslist kansas city missouri tools Jul 7, 2021 · Although the Small Business Administration (SBA) stopped accepting Paycheck Protection Program (PPP) loan applications in early May 2021 from most lenders, many businesses are now looking toward the process of applying for loan forgiveness. With multiple regulations resulting in different deadlines and obligations, this can quickly become a complex process for business owners. Recipients of a ...