Equipment Dealer Cheats Lenders, Manufacturers
In total, three banks, the SBA and manufacturer financing divisions lost $6.4 million because of the fraud.
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Fraud
Fraudsters Make Cash Hauls with SBA COVID Programs
One family allegedly created 72 phony companies to collect $7.2 million through an SBA program. A person posing as Donald Trump won a $5,000 grant.
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Fraud Alert: PPP Loan Applicants’ Info Hacked
The Small Business Administration has received more than 1,000 reports that business owners are fighting fraudulent Economic Injury Disaster Loan applications. KCoe offers tips to protect your company.
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Unemployment Fraud Is On the Rise
The prevalence of reported fraud is staggering. Georgia found more than 130,000 false claims filed in July. Illinois identified more than 120,000 counts of unemployment insurance fraud in August. Consider these tips to avoid trouble.
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