Three Chicago-Area Residents Charged with COVID-Relief Fraud (Chicago, IL) — Three Chicago-area residents have been indicted on federal charges for allegedly fraudulently obtaining more...
The Small Business Administration’s rules prevent it from helping most employee- and consumer-owned cooperatives, even though Congress specifically asked it to. The result? Co-ops are largely cut out of the mainstream financial system.
An online lending platform called Kabbage sent 378 pandemic loans worth $7 million to fake companies (mostly farms) with names like “Deely Nuts” and “Beefy King.”
Thousands of companies working their way out of bankruptcy are now eligible for the Paycheck Protection Program after ProPublica reported that the Small Business Administration had been excluding them.