Louisiana Man Sentenced in $1.1M COVID-19 Relief Fraud Scheme
A Louisiana man, Michael Ansezell Tolliver, has been sentenced to 10 years in prison for money laundering related to a fraudulent scheme.
EIDL Loan
Sen. Ernst Urges SBA to Collect Debts on $72 Billion of COVID Loans
Senator Joni Ernst calls on the SBA to collect debts on COVID-related EIDL and PPP loans, regardless of their size, to protect taxpayers' interests.
SBA Suspends 2 Companies, Launches Investigation Into PPP Loan Lenders
SBA recently issued a statement regarding the findings from the House Select Subcommittee on the Coronavirus Crisis report on PPP fraud.
DOJ Creates Strike Force Teams to Investigate PPP Loan, EIDL Loan Fraud
The Department of Justice recently announced three new Strike Force teams to combat and prevent fraud associated with Covid-19 relief funds.
SBA Has Awarded $5 Million in EIDL Loans to Texas Businesses After March Tornadoes
SBA approved more than $5 million in federal disaster loans for Texas businesses and residents impacted by severe storms.
President Biden Signs Laws Aimed at Cracking Down on EIDL and PPP Loan Fraud
President Biden on Friday signed into law two bills aimed to boost the Justice Department’s abilities on cracking down COVID relief fraud.
Small Businesses Affected by Deadly Flooding in Kentucky Can Get $2 Million in Disaster Loans
SBA has announced that low-interest disaster loans will be available to businesses and residents affected by deadly flooding in Kentucky.
Deadline to Apply for EIDL Loans Due to Texas Drought Nears
SBA has sent out a reminder that the deadline to apply for EIDL for small non-farm businesses in eight Texas counties is approaching.
Deadline Nearing to Apply for EIDL Loans Due to California Cache Fire
SBA has announced that small businesses affected by the Cache Fire in Lake County, have until August 17, 2022, to apply for EIDL Loan.
Senators Urge SBA to Process EIDL Loan Applications
A letter from the US Senate Committee on Small Business and Entrepreneurship has been sent to SBA urging them to process seemingly abandoned disaster loan applications.
House Oversight Committee Discusses Importance of EIDL Loans for Small Business
Senate Committee Chair, Ben Cardin, spoke of scale of support the EIDL program has provided to small businesses during the past two years
Baltimore Man Indicted on Charges He Faked PPP Loan and EIDL Loan Application
A man from Baltimore is facing federal charges for allegedly submitting fraudulent relief loan applications and stealing the identity of a tax preparer.
