The Paycheck Protection Program did little to actually replace workers' wages, according to a new study. Of the $510 billion in 2020 loans, only $115 billion to $175 billion was used to replace wages, ...

In May 2022, the US Department of Justice (US DOJ) filed its first civil complaint for Payroll Protection Program (PPP) fraud under the federal False Claims Act (FCA) in a Florida federal court. The ...

Do you need to repay your PPP loan? Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing, and the impact of technology ...

The amount of money being lent to coronavirus-damaged small businesses through the federal Payroll Protection Program has declined, in part because publicly traded companies have returned a reported ...

CBS News: Richard K. Gordon, director of the Financial Integrity Institute and professor of law, explained that the Payroll Protection Program application process itself created the opportunity for ...

KANSAS CITY, Mo. — A Kansas City-area woman pleaded guilty to charges connected to loan fraud with the federal Payroll Protection Program intended to help small businesses during the COVID-19 pandemic ...

Two former Howell residents have been charged by federal authorities with bilking the Payroll Protection Program that was set up to aid small businesses struggling during the COVID-19 pandemic. Jean E ...

The rest of the loan money landed in the pockets of the company's owners and shareholders, according to a new report. Why the rollout of the $2 trillion CARES Act was a colossal mess Desperate ...