In March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide emergency financial assistance during the pandemic. The CARES Act included funding in the form ...

The SBA's Inspector General has highlighted $200 billion in potential fraud as loan defaults rise in Covid-19 relief programs. The agency disagrees. Businesses have defaulted on hundreds of thousands ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Millions of business owners will ...

The Department of Justice continues to focus on pandemic-related fraud. This week, a federal grand jury in the Western District of Tennessee returned an indictment charging ten individuals for their ...

More than 1/3 of EIDL funds were squandered on potential fraud, says a report. The watchdog report released Tuesday that revealed how some $200 billion in COVID-19 aid was potentially misspent threw ...

Update: The Paycheck Protection Program and Bank Fraud Enforcement Harmonization Act and the COVID-19 Economic Injury Disaster Loan Fraud Statute of Limitations Act were signed into law in early ...

Early in the pandemic, the government rolled out a couple of big loan programs aimed at helping small businesses survive. There was the Paycheck Protection Program, which offered loans that were ...

It seems that small-business owners who took out disaster loans from the U.S. Small Business Administration cut quite the deal as the Federal Reserve deploys historic measures to tame spiraling ...

Mark Erjavec is accused of collecting the fraud proceeds through companies he resurrected in 2020. An Edina man fraudulently ...

Seven defendants, including three who had worked for JetBlue Airways, have pleaded guilty to stealing $1.5 million from a federal pandemic-relief program for small businesses, prosecutors said. The ...

Three years in prison is the average sentence imposed on individuals convicted of ripping off federal COVID-19 relief programs aimed at helping businesses and individuals, officials said this week.