A Scottdale-based company that filed Paycheck Protection Program applications failed to screen out those with signs of fraud while abusing the program, according to a new congressional subcommittee.
A report from the House Select Subcommittee on the Coronavirus Crisis finds lax anti-fraud standards, executives who cashed in for themselves and contempt for small loan applications that would generate minimal fees.
A Valley company, which helped gig workers and mom-and-pops get the federal loans to stay in business during the pandemic, is now at the center of a Congressional probe into whether the loans were made to fraudulent or ineligible applicants.
Arizona PPP company faces lawsuit filed by North Carolina firm Blue Acorn bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.