Say it ain’t Mo! Trucking fraudsters take advantage of PPP rollout

While the emergency relief program was designed to help struggling small businesses stay afloat during the global pandemic more than a year ago, federal investigators claim fraudsters — including trucking-related businesses — took advantage of the U.S. Small Business Administration’s chaotic launch to vie for billions in government-backed forgivable loans.

Now, federal prosecutors are attempting to claw back up to $70 billion in fraudulent and ineligible pandemic relief loans obtained through...

https://www.freightwaves.com/news/say-it-aint-mo-trucking-fraudsters-take-advantage-of-ppp-rollout

Leave a Comment