![]() Faulty data collections raises questions about Trump. SBA-approved banks have processed well over $500 billion in PPP loans, suggesting that the total amount of fraud could be higher. LOUIS - Mayor Tishaura Jones said Wednesday that the corruption outlined in the federal indictments against former Board of Aldermen President Lewis Reed and former aldermen Jeffrey Boyd and. These loans are all potentially fully “forgivable,” so calling them loans is not exactly accurate. Approximately $800 billion went out in the CARES Act’s Paycheck Protection Program (PPP), providing nearly 12 million loans between April 2020 and May 2021 to U.S. PPP loans and fraud – the red flags that could have been spotted. During an audit, the SBA may ask for additional documentation to ensure that the loan amount was proper, that the business had a good-faith need for the loan ( i.e., it was negatively impacted by the COVID-19 pandemic), and that any loan. Use our searchable database to see who in .Most PPP fraud investigations will begin with an audit conducted by the Small Business Administration (SBA). The Small Business Administration has released a list of businesses that have received emergency pandemic loans. ![]()
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