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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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.
Good thing all the multi millionaires got money for their businesses.
totally! won't we all think about the millionaires. ffs