Fraudsters and bad actors capitalized on the Paycheck Protection Program by forming fake businesses and still getting loans. Our CEO Tom Miller spoke to NBC New York about how this fraud happened and what we found when we studied some of the loans.
The Emergency Injury Disaster Loan Program has seen nearly $80 billion of fraud since the start of the pandemic. When Congress approved the EIDL and PPP programs, fraudsters got to work stealing from the government.
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