Fraudulent PPP Loans Used to Buy Real Estate, Luxury Cars, and Jewelry

  • The Justice Department has charged many business owners with fraud over their PPP and EIDL loans.
  • Convictions relate to sports-car purchases, million-dollar homes, jewelry, and designer handbags.
  • The department has prosecuted more than 235 defendants in more than 162 criminal fraud cases.

While the Paycheck Protection Program was considered a…

Read more…

Leave a Reply

Your email address will not be published. Required fields are marked *