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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I legitimately wish I thought of this sooner. Also would help if I had a company to apply with lol. It seems like there was literally nothing stopping this from happening if someone thought of it/was willing to take the risk.
There was plenty to stop it, namely huge corporations swooping in to grab them before smaller companies even had the chance.
Based