IRVINE, Calif. (KABC) -- An Irvine man allegedly obtained about $5 million in federal coronavirus-relief loans for his fake businesses and then spent the funds on himself, including buying Ferrari, ...

Retiring Inspector General Deborah Witzburg reported the new round of fraud in what will be her final quarterly report. Her ...

PPP loans are fully forgivable if requirements are met. EIDL loans advance up to $15,000 don't require repayment. Other SBA loans must be repaid in full.

Billionaire Herb Chambers will pay $11.8 million to settle allegations that his companies improperly obtained Paycheck Protection Program (PPP) loans. Chambers' companies allegedly sought loans ...

DANIA BEACH, Fla. (CBS12) — Two Venezuelan natives who were granted Temporary Protected Status (TPS) in the U.S. have been charged with submitting false and fraudulent Payment Protection Program loan ...

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One of the founders of the lender service provider Blueacorn has entered a guilty plea in a scheme intended to fraudulently obtain COVID relief money through the Paycheck Protection Program (PPP). A ...

A South Jersey health system is paying $3.1 million to settle allegations that it improperly took a loan from the federal Paycheck Protection Program during the Covid era. The payment by Shore Medical ...

In March of this year, the SBA began referring around $20 billion in delinquent PPP Loans with balances of less than $100,000 to the Treasury Department for collection, and another 10,000 delinquent ...