It's all going back to the Small Business Administration (SBA.)
Around 15,000 fake accounts were used to rack up the money, disrupting the lives of people like one California man.
"I had applied for a small business loan for $5,000 to open up my own deli in Texas. I can barely make peanut butter sandwiches, let alone open a deli!," said fraud victim Craig Franklin. This month, President Biden signed into law two bipartisan bills extending the statute of limitations for COVID relief fraud enforcement to 10 years. The Secret Service said the extension will afford the agency the extra time it needs to track down the criminals
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Secret Service Returns $286 Million in Fraudulent Pandemic Loans to the Small Business AdministrationThe Economic Injury Disaster loans returned to the Small Business Administration were obtained using fabricated information and stolen identities.
Read more »
Secret Service recovers $286M in stolen pandemic loansBillions have been fraudulently claimed through various pandemic relief programs — including Paycheck Protection Program (PPP) loans. ppp secretservice pandemicloans kprc2 click2houston
Read more »
Secret Service recovers $286M in stolen pandemic loansThe U.S. Secret Service said Friday that it has recovered $286 million in fraudulently obtained pandemic loans and is returning the money to the Small Business Administration.
Read more »
Secret Service recovers $286M in stolen pandemic loansThe U.S. Secret Service said Friday that it has recovered $286 million in fraudulently obtained pandemic loans and is returning the money to the Small Business Administration.
Read more »
Bobby Berk teams up with Yelp to help Texas small businessesSmall businesses across Texas are getting money to make needed repairs and some lucky Texans could win money to cover their own home improvements on Make It Happen Day.
Read more »
How I Made My Small Living Room a Hidden Home Gym | Well+GoodThe pandemic taught me that you can make any space dual purpose without it looking cluttered. So I turned my living room a hidden home gym.
Read more »