PPP and other loan fraud
Monday, November 7, 2022 5:28 AM
Are they going to go after everyone who obtained fraudulent ppp loans or other pandemic related assistance?
Some people say there’s too many applicants and people to go after, some say the government will catch all the fraudsters but moves slowly and will take time.
Some people abused these programs like claiming their company had 10 employees when it actually had no employees. Exaggerating what was spent on payroll to try to qualify for more forgiveness.
I also heard there was some way the PUA funds were being scammed. I’m not sure how but I remember people were quitting their jobs since PUA was paying like $3600 a month for nothing. Basically the equivalent of $22.50 an hour in a 40 hour work week. Retail employees were quitting all over for the PUA.
Got something to say?
Start your own discussion
7 comments