Study found that taxpayers shelled out $4 for every $1 in wages and benefits received by workers from the Paycheck Protection Program…
SBA Not Taking Direct Action Against Partner Lenders That Issued Billions in Fraudulent COVID PPP Loans…
Congress appropriated almost $1 trillion in forgivable Paycheck Protection Program loans and approximately 15% of the loans could have been obtained fraudulently…
Florida Man who Used COVID-Relief Funds to Purchase Lamborghini Sports Car Charged in Miami Federal Court..
A Florida man was arrested and charged with fraudulently obtaining $3.9 million in Paycheck Protection Program (PPP) loans and using those funds, in part, to purchase a sports car for himself. Authorities seized a $318,000 sports car and $3.4 million from bank accounts at the time of arrest. Acting Assistant Attorney General Brian C. Rabbitt […]
Tracking PPP Loans…
As part of the Paycheck Protection Program, the federal government provided up to $659 billion in financial support to banks to make low-interest loans to companies and nonprofit organizations in response to the economic devastation caused by the coronavirus pandemic. Search the loans approved by lenders and disclosed by the Small Business Administration (SBA)…
Nancy Pelosi’s Husband Among Lawmaker-Linked PPP Loan Recipients…
JUMPIN’ JU-JU BONES, IT’S RAINING WINNAMINS!…
Jumpin’ ju-ju bones, it’s raining winnamins ! ~ Analysts and economists were predicting May jobs report would show losses of around 7 to 8 million jobs in May. That’s what everyone suspected, and why they were stunned this morning to find out the U.S. economy actually added, yes ADDED, 2.5 million jobs. The Bureau of […]
Mnuchin: Employees Who Reject Offer to Go Back to Work Cannot Receive Unemployment Benefits…
Treasury Secretary Steven Mnuchin said that individuals who reject an offer from their company to return to their jobs after they are laid off due to the pandemic are no longer considered eligible to receive unemployment benefits from the federal government. “If you offer a person a job … and that person does not take […]
Small Businesses Getting Relief Won’t Be Punished if Employees Don’t Return, Treasury Announces…
The Treasury Department on Friday granted small businesses participating in the pandemic relief program more flexibility for nonpayroll expenses, new ways of calculating payroll costs, and a new exemption in case workers don’t return. The new guidelines announced Friday are meant to address some of the biggest complaints about the program, which is meant to […]