WFXR on MSN3d
Roanoke woman pleads guilty to pandemic-era PPP loan fraud scheme
A Roanoke woman is facing up to thirty years in prison for a pandemic-era Paycheck Protection Program fraud scheme. PPP loans ...
Hoodline1d
Raleigh IT Firm DynPro Settles for Over $2 Million Over False PPP Loan Claims
DynPro, Inc., an IT company in Raleigh, settled claims of falsifying information for a PPP loan, agreeing to pay over $2 ...
Jacksonville woman gets 2 years in prison for PPP loan scam in pandemic, other fraud earlier
A Jacksonville woman will serve a two-year prison sentence for cheating a pandemic-era loan program and running a credit scam ...
WNCT2d
Raleigh-based company to pay more than $2 million for false PPP loan
An IT solutions company called DynPro, Inc. will have to pay $2,178,254 to resolve a liability for a false Paycheck Protection Program (PPP) loan from the U.S. Small ...
Lewiston man sentenced for fraudulent PPP loan claim
A Lewiston man received a 12-month federal prison sentence for filing a fraudulent PPP loan application. BANGOR, Maine — A Lewiston man was sentenced Wednesday in U.S. District Court for filing a ...
Rogers Park tax preparer admits arranging $3.6M in phony PPP and EIDL loans for himself and others
Farooq Khan faces a possible sentence of more than four years in prison for defrauding the Paycheck Protection Program and Economic Injury Disaster Loan program.
Raleigh company to pay more than $2 million for falsely obtaining COVID-19 loan
DynPro, Inc., an IT solutions company based in Raleigh, will pay $2.18 million to resolve its liability for falsely obtaining a Paycheck Protection Program from the U.S. Small Business ...
The Business Journals1mon
Business owner sentenced for prison in PPP loan fraud scheme
PPP loans were intended to help businesses keep employees on the payroll during the pandemic, however the feds say that Carroll didn't use the funding to pay dozens of employees who were out of ...
Kiplinger4y
PPP Loan Forgiveness Applications are Now Easier
Under the PPP, small businesses could borrow up $10 million from private lenders without collateral, personal guarantees, or fees. These loans don't have to be repaid to the extent they're used to ...
Business Insider3y
The PPP loan program is open: How your small business can get loans, grants, and tax breaks from the new stimulus bill
The Senate approved a bill on March 25 extending the deadline for applying for a Paycheck Protection Program loan. The legislation gives business owners until May 31 to apply for the PPP ...
Kiplinger4y
IRS Leaves Business Owners Who Took PPP in a Tax Quandary
Editor's note: Congress on Dec. 21 passed the Consolidated Appropriations Act, 2021, which includes language that clarifies the tax treatment of forgiven PPP loans allowing for small businesses to ...
AgWeb4y
Do You Get to Deduct PPP Loan Interest You Did Not Pay
When a PPP loan is forgiven, the SBA transmits a payment to the bank of the loan principal plus accrued interest. The Consolidated Appropriations Act (CAA) indicates that PPP loan forgiveness is ...