News

49 readers

2 users here now

Breaking news and current events worldwide.

founded 1 year ago

234

NPR: Over $200 billion in pandemic business loans appear to be fraudulent, a watchdog says (www.npr.org)

submitted 1 year ago by sendingmath@kbin.social to c/news@kbin.social

38 comments fedilink hide all child comments

The Office of Inspector General of the Small Business Administration has released a "landscape of fraud" report highlighting why 17% of PPP and other loans appear bogus.

you are viewing a single comment's thread
view the rest of the comments

[–] dumples@kbin.social 8 points 1 year ago

The PPP loans were terribly managed. I hope they manage to claw more money from scammers and invalid business

permalink
fedilink
source