Released: September 04, 2020

Congress warns of possibly ‘billions of dollars’ in PPP fraud and abuse

Source: Marcy Gordon - The Chicago Tribune

Congressional investigators say they have identified lapses pointing to possible fraud and abuse in a key coronavirus relief program, including more than $1 billion awarded to small businesses that received multiple loans.

A report issued Tuesday by a House subcommittee says a lack of government oversight and accountability for the $600 billion-plus program “may have led to billions of dollars being diverted to fraud, waste and abuse, rather than reaching small businesses truly in need.”

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