The Paycheck Protection Program did little to actually replace workers' wages, according to a new study. Of the $510 billion in 2020 loans, only $115 billion to $175 billion was used to replace wages, ...

In May 2022, the US Department of Justice (US DOJ) filed its first civil complaint for Payroll Protection Program (PPP) fraud under the federal False Claims Act (FCA) in a Florida federal court. The ...

Do you need to repay your PPP loan? Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing, and the impact of technology ...

Add Yahoo as a preferred source to see more of our stories on Google. A 62-year-old man from Redmond pleaded guilty Thursday in the U.S. District Court in Seattle to conspiring to defraud the federal ...

The amount of money being lent to coronavirus-damaged small businesses through the federal Payroll Protection Program has declined, in part because publicly traded companies have returned a reported ...

The rest of the loan money landed in the pockets of the company's owners and shareholders, according to a new report. Why the rollout of the $2 trillion CARES Act was a colossal mess Desperate ...

When the Paycheck Protection Program launched during the pandemic shutdowns of spring 2020, it immediately became a chaotic free-for-all. Called PPP for short, the program offered simple-to-get, ...