Federal PPP Loan Fraud Investigations on the Rise: What Business Owners Need to Know
Why PPP Fraud Is in the Spotlight Now During the height of the pandemic, the federal government issued over 800 billion dollars in Paycheck Protection Program (PPP) loans to help 11 million businesses keep workers employed. The speed at which funds were distributed meant that oversight was limited. Now that the program has ended, federal agencies are aggressively investigating borrowers for signs of fraud. Many business owners who applied for loans in good faith are