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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

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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.

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[–] AttackBunny@kbin.social 25 points 1 year ago (1 children)

All while actual, legitimate small businesses were often told the funds were already gone, during the first round of PPP, before the applications were even live.

[–] 108@kbin.social 13 points 1 year ago (1 children)

Good thing all the multi millionaires got money for their businesses.

[–] AttackBunny@kbin.social 1 points 1 year ago

totally! won't we all think about the millionaires. ffs