NPR: Over $200 billion in pandemic business loans appear to be fraudulent, a watchdog says
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News@kbin.social – 229 points – npr.org
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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Not businesses that were closed.
Or business at all. They aren't living breathing things. It's the people who matter
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.