PPP fraud is ‘worst in history’: $200B stolen and blown on Lamborghinis, beach houses and bling By . Jeanette Settembre. Published July 14, 2023. Updated July 14, 2023, 9:49 a.m. ET.

Sellafield routed the PPP as a “game changer” for the supply chain, helping create long-term relationships with the selected partners, ...

The PPP loans never faced the same scrutiny — or legal challenges — as student debt relief, experts said. But, Shafroth noted, "As soon as the student loan program was announced, ...

Another fintech firm, Womply, which earned some $2 billion in fees during the course of PPP, pocketed the money despite ignoring “rampant fraud,” according to congressional investigators.

PPP LAW CHANGES. getty. Under the proposed $1.9 trillion stimulus package, the Paycheck Protection Program would be expanded to provide loans to more categories of not-for-profit entities.

Government Spending. Millions of PPP Loans Were Flagged as Potentially Fraudulent. Many Were Never Investigated. A new report takes an illustrative look inside the Small Business Administration ...

According to a new study, only about a third of the $800 billion in PPP loans went directly to workers who otherwise would have lost their jobs. Latest U.S.

For PPP loans issued after June 5, 2020, borrowers are given six months to spend the cash. They don’t have to start repaying the loan until 10 months after the spending period ends.

PPP loans are federally tax-exempt if used properly, but some states may tax forgiven PPP loans. Our fact-check sources: PolitiFact, Feb. 10, PPP loans do not need to be reported as taxable income ...

he money coming in the PPP is not taxable. So if the money that’s coming is not taxable, you can't double dip.” In November, the IRS confirmed its position in Rev. Rul. 2020-27.That is, the ...

PPP loan expenses are still tax-deductible. At the beginning of the COVID-19 pandemic, the U.S. government rolled out a loan relief program to help small businesses impacted by the crisis.

Illinois police and federal agencies arrested 15 people and are looking for several more after they allegedly used PPP funds to bond out of jail during the pandemic.