this post was submitted on 27 Jun 2023
232 points (100.0% liked)

News

19 readers
12 users here now

Breaking news and current events worldwide.

founded 1 year ago
232
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
38 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] Aesthesiaphilia@kbin.social 1 points 1 year ago

This is why I was in the "give it to businesses to pay their employees" camp. I thought it was a great idea. I foolishly did not foresee the massive amounts of fraud happening.