Posted inBlue Acorn PPP LLC Coronavirus Aid, Relief, and Economic Security Act (2020) Federal Aid (US) Frauds and Swindling House of Representatives Law and Legislation Small Business Administration Stimulus (Economic) United States Politics and Government Wompy (Oto Analytics Inc)
Two Fintech Companies Fueled Extensive PPP Loan Fraud, House Report Finds
Executives at Womply and Blueacorn, which facilitated millions of Paycheck Protection Program loans, flouted rules and themselves collected improper loans, investigators said.