Sandeep Grover had faced more than 12 years in prison for allegedly filing false Paycheck Protection Program loan ...

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.

Key Takeaways A third round of Paycheck Protection Program (PPP) loans was authorized by the passage of H.R. 133—Consolidated Appropriations Act, 2021 into law on Dec. 27, 2020.

A founder of a lending service company has pleaded guilty to a serious crime involving fake loans tied to the COVID-19 relief ...

While many small-business owners complained of missing out on crucial funding from the Paycheck Protection Program, others mistakenly ended up receiving their money twice — or multiple times ...

The pandemic-era program yielded over $60 billion in fraudulent payments, with prosecutions expected for another five years.

Tucker pleaded guilty to conspiracy to commit wire fraud and bank fraud. Tucker faces a maximum penalty of 20 years in prison, and sentencing is scheduled for Dec. 4. A federal district court judge ...

A Paycheck Protection Program (PPP) loan, which the SBA classifies as a 7 (a) loan, is part of the $2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) Act, with $349 billion ...

Five Rio Grande Valley residents have been indicted for wire fraud in a scheme involving the Paycheck Protection Program (PPP ...

Nathan Reis is likely to spend years in jail over wire fraud charges in an alleged pandemic-era financial scheme to defraud ...

Federal court documents allege Anthony Silva unlawfully got a Paycheck Protection Program loan by submitting a fraudulent ...

Federal agency reopens PPP loans on Monday $284 billion second round of program starts with community financial institutions and expands to other lenders later, the Small Business Administration says ...