PPP Fraud Statistics in US 2025 | Key Facts - The World Data
1 day ago · PPP Fraud in US 2025 The Paycheck Protection Program (PPP) was established under the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March 2020 to provide forgivable …
Hundreds of public employees took millions in PPP loans
1 day ago · Without naming individuals, the report listed more than 100 state employees who received more than $2.8 million in PPP loans.
Chinese-Owned Firms to Pay $7.3M for PPP Loan Fraud Allegations
8 hours ago · Explore the recent allegations against Chinese-owned firms involved in PPP loan fraud, resulting in a $7.3 million settlement. Learn about the implications of this case and its impact on the …
Ohio man sentenced to prison for Paycheck Protection Program loan fraud ...
May 21, 2025 — An Ohio man has been sentenced to 27 months in prison for submitting false information to be eligible to receive Paycheck Protection Program (PPP) loans. Daniel R. Hitlan, of …
Mid-Year Update: PPP Investigations Continue as DOJ Enforcement ...
Aug 18, 2025 · U.S. federal government scrutiny relating to Paycheck Protection Program (PPP) loans received in the early days of the pandemic is still going strong, specifically in connection with audits …
Feds still chasing billions in PPP fraud - American Banker
Aug 19, 2025 · The sheer volume of fraud can be attributed to several factors, including the fast rollout of PPP funds, a lack of initial regulatory oversight and the federal government's 100% guarantee of …
Paycheck Protection Program (“PPP”) Loan Fraud: A Survey & Analysis …
Apr 14, 2025 · For PPP loan fraud cases, the most basic iterations of such scheme always involve something more than the garden variety, i.e. the use of entities, falsifying records, passing money …
White paper on COVID-19 Pandemic EIDL and PPP Loan Fraud Landscape (Report 23-09) This white paper represents the results of our investigative casework, prior reporting, advanced data analytics, …
Boston Man Pleads Guilty to PPP Fraud and Theft of U.S. Treasury Funds
Dec 23, 2025 · Lonnie Smith-Matthews pleaded guilty to financial frauds including PPP loan deception and stealing a U.S. Treasury tax refund, facing a potential prison sentence and significant fines.
PPP Fraud Crackdown and Its Impact on Compliance - Anchin, Block ...
Jul 31, 2025 · Tracy Emery Smith, 42, of Valley Springs, was sentenced to 37 months in prison and ordered to pay $901,035 in restitution for PPP loan fraud and money laundering. According to court …