A London woman was sentenced Tuesday to 44 months in federal prison for wire fraud and conspiracy to commit money laundering, arising out of a scheme to fraudulently obtain Economic Injury ...

In total, six of the applications were approved, resulting in more than $1 million in fraudulently obtained SBA loan proceeds ...

Bruce Choi of Los Angeles faces federal wire fraud charges for allegedly using $2 million in fraudulent PPP loans to purchase nearly 40 bitcoins.

Small businesses across the country took on debt to stay afloat during the Covid-19 pandemic. It might be hard to get out from under it. Robert Andelman keenly remembers when the Covid-19 pandemic cut ...

TAMPA, Fla. (WFLA)— A Belleair man was found guilty of COVID loan fraud while using his former business partner’s identity, who died in 2019. According to the Department of Justice, a federal jury ...

Few business owners are as high profile as Slutty Vegan founder and CEO Aisha “Pinky” Cole, but Cole’s struggle to pay back a Covid-era small business loan is far from unique.

The Small Business Administration (SBA) announced Friday it had suspended more than 100,000 California borrowers amid suspected fraud, with the alleged abuse totaling nearly $9 billion. SBA ...

Small Business Administration (SBA) Administrator Kelly Loeffler announced late Thursday that her agency was suspending thousands of “Minnesota borrowers” amid “suspected fraudulent activity” ...

The Small Business Administration (SBA) announced Thursday that it suspended 6,900 Minnesota borrowers after uncovering what it says is widespread suspected fraud. SBA Administrator Kelly Loeffler ...