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.
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.
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.
COVID Stimulus: Newly Passed Relief Bill Too Late To Help Some Bay Area BusinessesThe second stimulus bill was signed into law over the weekend, offering cash for many Americans hit by the pandemic, extended unemployment benefits and a quarter-trillion dollar Paycheck Protection Program.
COVID Relief Bill Signed but Local Business Owners Say More Is NeededSunday night the president signed legislation for $900 billion in coronavirus economic aid but small business owners in the Bay Area say it's far from what's needed.
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.
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.