Fraud

Texas leads SBA pandemic relief loan fraud in national prosecutions

“The director of a Houston funeral home tried to embezzle millions of dollars from loans designed to help small businesses during the pandemic, pretending to own businesses that happen to belong to the largest Italian oil and gas corporation, federal investigators said. Jase DePaul Gautreaux, the director of Wingate Funeral Home in the Almeda area, …

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The HEALS Act Is Destined for More Fraud Without Immediate Action

The HEALS Act is attempting to breathe new life into the American economy and fuel the country’s post-pandemic rebound by providing another round of small-business aid. But unless it addresses an issue that was present in its Payroll Protection Program predecessor, the HEALS Act could usher in an onslaught of additional fraud. Some of the …

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Has There Been $1 Billion in PPP Fraud?

Last Thursday, the Government Accountability Office (GAO) released a report saying that the Paycheck Protection Program (PPP), which stopped accepting applications yesterday, almost certainly fell victim to a significant amount of fraud. Given the $670 billion scope of the program, that was a given ⁠— and there have already been charges from the Department of …

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