this post was submitted on 27 Jun 2023
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NPR: Over $200 billion in pandemic business loans appear to be fraudulent, a watchdog says (www.npr.org)
submitted 1 year ago by sendingmath@kbin.social to c/news@kbin.social
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The Office of Inspector General of the Small Business Administration has released a "landscape of fraud" report highlighting why 17% of PPP and other loans appear bogus.

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[–] 52fighters@kbin.social 5 points 1 year ago

In my city the local government is just throwing free money to local commercial property owners if they promise to renovate. Except it always goes to the same people. They buy a building and get a $1 million. When it is all over they'll just dump the property, making a killing.