this post was submitted on 27 Jun 2023
237 points (100.0% liked)

News

76 readers
2 users here now

Breaking news and current events worldwide.

founded 1 year ago
237
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]
38 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 3 points 1 year ago (1 children)

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.

[–] [email protected] 7 points 1 year ago (1 children)

There was plenty to stop it, namely huge corporations swooping in to grab them before smaller companies even had the chance.