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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 [email protected] to c/[email protected]

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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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[–] [email protected] 26 points 1 year ago (1 children)

All while actual, legitimate small businesses were often told the funds were already gone, during the first round of PPP, before the applications were even live.

[–] [email protected] 14 points 1 year ago (1 children)

Good thing all the multi millionaires got money for their businesses.

[–] [email protected] 2 points 1 year ago

totally! won't we all think about the millionaires. ffs