San Jose Man Arrested In $3.6 Million COVID Loan Fraud Scheme; Feds Say Funds Used For Luxury LifestyleA San Jose man was arrested for fraudulently obtaining $3.6 million in federal COVID relief loans using fake documents and using the proceeds to finance a luxury lifestyle, authorities announced.
San Jose Security Company Accused Of Not Paying Workers While Receiving Over $400K In PPP LoansConnie Maddox was excited to start her new full-time job filing reports for a San Jose security guard company this past February. But she told KPIX that feeling was short-lived.
Twin Brothers Plead Guilty To Pandemic Loan Fraud In North BayTwo 66-year-old brothers pleaded guilty in federal court Wednesday to making false statements to a financial institution in separate schemes to defraud the federal government of more than $2 million in pandemic relief funds.
San Francisco FBI Agents Seek Additional Victims Of Alleged PPP FraudsterThe San Francisco office of the Federal Bureau of Investigation is searching for additional victims of a defendant who defrauded the Payroll Protection Program of COVID-19 relief funds and stole the identity of two lawyers.
Oakland Woman Charged With Pandemic Relief Fraud; Over $1M Allegedly Used On Luxury LifestyleAn Oakland woman has been charged with defrauding federal COVID relief programs and using the money obtained to finance a luxury lifestyle, including private jet travel, expensive automobiles and luxury goods.
Former Associate Of Oakland's Your Black Muslim Bakery Accused Of Trying To Rip-Off COVID Paycheck Protection ProgramSharieff Dahood Bey, who has a major figure with Oakland's Your Black Muslim Bakery, has been charged by federal prosecutors with bank fraud for allegedly trying to rip off the Paycheck Protection Program, set up to assist businesses struggling during the COVID pandemic, for more than $22 million.
Landlords Receive Millions In COVID-19 Relief While Quarantined Students Forced To Pay For Vacant ApartmentsAs the coronavirus pandemic closes college campuses across the country, students -- and their parents -- are still stuck paying rent for vacant apartments even as many of those property owners receive pandemic assistance.
KPIX 5 Investigation Reveals Paycheck Protection Program Is Vulnerable To FraudThe national Paycheck Protection Program (PPP) has loaned half a trillion dollars to thousands of small businesses and some bigger ones since the start of the pandemic. There’s still more than $1 billion left to hand out. So what does it take to qualify? It turns out, for some applicants, not much.
Majority Of COVID-19 PPP Loan Money Going To Only 15% Of Businesses ApplyingThe federal Paycheck Protection Program was created to help small businesses struggling during the COVID-19 pandemic, but data just released from the Small Business Administration shows that some unlikely businesses are getting the lion’s share of the money.
Fed COVID-19 Relief Funds Went To Newsom-Owned Businesses, Kanye West 'Yeezy' BrandA winery and hospitality company founded by Gov. Newsom and Kanye West's "Yeezy" clothing brand were among the hundreds of thousands of businesses which received funding from the U.S. Treasury Paycheck Protection Program, the government revealed Monday.
Coronavirus Update: Small Lenders Coming Through For Paycheck Protection Program ApplicantsThe U.S. Small Business Administration' Paycheck Protection Program has come under a lot of fire for benefitting the big guys over small businesses. The good news is the tide appears to be turning.
Senate Passes $483 Billion Aid Package To Restart Small Business Loan Program; Now To House, Trump's ApprovalThe Senate passed a $483 billion aid package. Some $331 billion will go to restart a small-business payroll loan program (PPP) that ran out of money last week. Also, $75 billion goes hospitals, and $25 billion to boost testing.
Small Businesses Need Feds To Pass New $310 Billion COVID-19 Relief Deal To Stay AfloatCongress is trying to pass a $310 billion deal to help small businesses stay afloat during the coronavirus pandemic.