Mid Penn Bank filed breach of contract lawsuit against Prince Preferred Hotels Natchez's application for a Paycheck Protection Program (PPP) loan after the defendant allegedly failed to disclose ...

In April 2022, McClarrin applied for loan forgiveness for the $21,000 PPP loan. He stated on the application forms that he had 20 employees and had spent $20,000 of the loan on payroll costs.

Nathan Reis pleaded guilty last week to conspiracy to commit wire fraud; a Texas jury convicted his wife, Stephanie Hockridge, of the same charge in June.

A woman is charged with wire fraud in an alleged scheme to fraudulently obtain Paycheck Protection Program loans.

A Tallahassee woman was arrested for allegedly scheming at least $35,000 in federal PPP loans through fraudulent documents and applications.

During an application review, the business sent in false supporting documentation as well as false representations. The $257,700 PPP loan was subsequently forgiven in May 2021. CSG applied for an ...

Improperly forgiven PPP loans must be included in income An IRS Chief Counsel memo states that income exclusion does not extend to Paycheck Protection Program loan forgiveness for which the recipient ...

The Paycheck Protection Program was a federal program that paid out $790.9 billion in small business loans during the COVID-19 pandemic.

Then he bought a Lamborghini. Joshua Edwards, on behalf of ASLAN, submitted a fraudulent loan application seeking funds from the PPP, according to the release.

A scam alert for small business owners who got financial relief as part of the Paycheck Protection Program during COVID-19.

Yes. Eligible businesses received an average of $72,100 in PPP loan forgiveness, according to the latest government data.