$1 million COVID fraud case in Mobile part of nationwide rise in federal corruption cases
Updated May 11, 2021;
Posted May 11, 2021
Federal prosecutors in Mobile were able to obtain six plea agreements this year in a corruption case involving the defrauding of SBA loan documents during the coronavirus pandemic. (AP Photo/J. Scott Applewhite)AP
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The recent federal charges against a half-dozen people in an alleged $1 million fraud scheme involving COVID relief funds are part of an increase in corruption prosecutions in the United States within the past six months, a Syracuse University analysis reports.
The U.S. District Court for the Southern District of Alabama is credited with having the third most federal corruption prosecutions on a per capita basis during the first six months of fiscal year 2021 starting on October 1, according to an report from the Transactional Records Access Clearinghouse (TRAC) at Syracuse University. Only federal courthouses in Washingt
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Unpacking the Economic Aid Act and American Rescue Plan Act: Consolidated First Draw PPP Interim Final Rule, New First Draw PPP Loans, and Increases to First Draw PPP Loans
On January 6, 2021, the Small Business Administration (the “
SBA”) and the Department of Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Program as Amended by Economic Aid Act” (sometimes referred to as the “
Consolidated First Draw PPP IFR” or the “
IFR”). That rule restates existing regulatory provisions into a single regulation on borrower eligibility, lender eligibility, and loan application or origination requirement issues for new First Draw PPP Loans, as well as general rules relating to First Draw PPP Loan increases and loan forgiveness.
Low-interest disaster loans from the U.S. Small Business Administration are available to businesses and residents in Kentucky following the announcement of a Presidential disaster declaration due to severe storms, flooding,
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Like other Black entrepreneurs in her Inglewood neighborhood, Annie Graham has struggled to keep her business afloat during the pandemic.
At Ms. Ann’s clothing boutique on Manchester Boulevard, the Easter finery Graham stocked last spring remains on the racks. Also untouched are many of the exclusively white outfits for weddings and parties that she sells at her storefront next door, the White House. Customers, she said, mostly buy dresses now for funerals.
Annie Graham, owner of Ms. Ann’s dress shop in Inglewood, had her application last year for a PPP loan rejected.
(James Bernal for Reveal / Los Angeles Times)
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Like other Black entrepreneurs in her Inglewood neighborhood, Annie Graham has struggled to keep her business afloat during the pandemic.
At Ms. Ann’s clothing boutique on Manchester Boulevard, the Easter finery Graham stocked last spring remains on the racks. Also untouched are many of the exclusively white outfits for weddings and parties that she sells at her storefront next door, the White House. Customers, she said, mostly buy dresses now for funerals.
Annie Graham, owner of Ms. Ann’s dress shop in Inglewood, had her application last year for a PPP loan rejected.
(James Bernal for Reveal / Los Angeles Times)