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… Nigerian Man Convicted On Multiple Charges Including Wire Fraud, Conspiracy To Commit Money Laundering, And Aggravated … government benefits from the Paycheck Protection Program (PPP), Economic Injury Disaster Loan (EIDL) program, multiple … of Inspector General COVID EIDL, Pandemic Oversight, PPP …

… Fraud Mitigation Oversight Evaluation Program Evaluation & … of the U.S. Small Business Administration’s (SBA) Fraud Mitigation Oversight was conducted using a range of … SBA materials, a literature review of best practices in fraud risk mitigation, interviews with SBA stakeholders, …

… Pleads Guilty to Orchestrating Paycheck Protection Program Fraud Scheme Click Here to Sign Up for SBA OIG Email Updates … in connection with a Paycheck Protection Program (PPP) fraud scheme. At the time of the offense, Bolden was a … dollars to line their own pockets.” Congress created the PPP in 2020 as part of the Coronavirus Aid, Relief, and …

… U.S. Attorney’s Office Secures Nearly $9 Million in Fraud and Money Laundering Proceeds from Fraudulently … fraudulently obtained Paycheck Protection Program (“PPP”) loans totaling approximately $8,971,457, and then … Office Office of Inspector General Pandemic Oversight, PPP …

… SBA Highlights Range of New Measures to Stop Fraud WASHINGTON – Today, the U.S. Small Business … loan application process to strengthen protections against fraud and ensure its programs only benefit eligible American … U.S. Social Security Administration. Key changes to combat fraud within the SBA’s loan programs include: Citizenship …

… California Man Pleads Guilty for Role in $15.9M COVID-19 Fraud Scheme Click Here to Sign Up for SBA OIG Email Updates … million in loans through the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) programs. “The … other co-conspirators, submitted several dozen fraudulent PPP and EIDL loan applications on behalf of various companies …

… Ringleader Sentenced in Multimillion-Dollar Fraud Operation which Saddled Victims with Crushing Debt … to federal prison for leading a sweeping mortgage and loan fraud scheme that defrauded businesses, banks, mortgage … of Inspector General COVID EIDL, Pandemic Oversight, PPP …

… Alaska Resident Sentenced to Federal Prison for Wire Fraud Click Here to Sign Up for SBA OIG Email Updates on … stimulus funds through the Paycheck Protection Program (PPP) and Economic Injury and Disaster Loan (EIDL) program. … but instead spent the money on personal expenses. The PPP and EIDL programs were designed to help small businesses …

… our inspection of SBA's handling of potentially fraudulent PPP loans. Report 22-13 The Office of Inspector General (OIG) … handle potentially fraudulent Paycheck Protection Program (PPP) loans across the program. In addition, the agency did … establish a centralized entity to design, lead, and manage fraud risk. This problem occurred because the agency did not …

… Last of Eight Defendants Sentenced in $7.7 Million Pandemic Fraud Scheme Click Here to Sign Up for SBA OIG Email Updates … the last of eight defendants in a $7.7 million pandemic fraud scheme targeting the Small Business Administration and … of Inspector General COVID EIDL, Pandemic Oversight, PPP …

… in Federal Court to Orchestrating $14 Million Covid-Relief Fraud Click Here to Sign Up for SBA OIG Email Updates on … for loans pursuant to the Paycheck Protection Program (“PPP”), which was created by the CARES Act to provide … for small businesses during the Covid-19 pandemic.  A PPP loan allowed for the interest and principal to be …

… Suspected of Committing $8.6 Billion in Pandemic-Era Fraud WASHINGTON, D.C —  Today, following a visit to San … borrowers received 118,489 Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL) loans totaling … borrowers associated with 7,900 potentially fraudulent PPP and EIDL loans worth approximately $400 …

… Jury Convicts Bellair Man for COVID Loan Fraud Scheme Using Deceased Former Business Partner’s … Gurba applied for a Paycheck Protection Program (PPP) loan on behalf of Big Red from an SBA authorized … certified and signed under criminal penalty that all the PPP loan proceeds would be spent on payroll, mortgages, rent, …

… to bring attention to concerns regarding the return of PPP funds. Report 23-08 The Office of Inspector General (OIG) … regarding the return of Paycheck Protection Program (PPP) funds. This issue requires immediate attention and … return of funds, returning the funds to SBA, conducting a fraud review, reversing forgiveness when appropriate, and …

… General Sign Data Sharing Agreement to Strengthen Fraud Detection and Enforcement Coordination LOS ANGELES, … efforts to detect, refer, and support investigations into fraud impacting federal programs. The agreement follows a … more timely access to relevant data and analytics. “Fraud schemes move quickly, and our oversight approach has to …

… PPP ‘Instrumental’ for Montpelier Distillery When Covid-19 … primary provisions was the Paycheck Protection Program. PPP provided small businesses forgivable loans through the … throughout the U.S. received billions of dollars in PPP loans. Vermont, the second least populated state in the …

… Connect with CDFIs, Small Asset Lenders Participating in PPP WASHINGTON – Today, U.S. Small Business Administration … asset size lenders in the Paycheck Protection Program (PPP).   SBA’s Lender Match is an additional resource for … who have not applied for or received an approved PPP loan to connect with lenders.  The forgivable PPP loan is …

… California CEO Sentenced for Role in Covid-19 Relief Fraud Resulting in Millions of Stolen Funds Click Here to … Division’s prosecution of fraud schemes that exploit the PPP. Since the inception of the CARES Act, the Fraud Section … in cash proceeds derived from fraudulently obtained PPP funds, as well as numerous real estate properties and …

… Man Sentenced to Five and Half Years in Prison for Loan Fraud Conspiracy Click Here to Sign Up for SBA OIG Email … were funded by the SBA, and Paycheck Protection Program (“PPP”) loans, which were funded by banks and other lenders but fully guaranteed by the SBA. PPP loans were also eligible for forgiveness if a large …

… PPP Loan Necessity Questionnaire (For-profit borrowers) … borrowers, who together with their affiliates, received PPP loans totaling $2 million or greater, made on their PPP Borrower Application (SBA Form 2483 or Lender’s … PPP Loan Necessity Questionnaire (For-profit borrowers) …