re: How are these bankers allowing PPP fraud not busted?

quote:

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As a banker, you can look at everything and check every box and if someone is going to defraud you they’re going to defraud you. We know we get payroll reports and tax forms, but there is no way to audit every single one of those forms nor do we have the knowledge or know how to do so. Nor were we required to do so by Sba’s own guidelines.

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I understand all of this, but to OP's point...how does a small business with less than 20 employees get over $1M and not raise any flags? The annual cap per employee was $100k. Yet, when you look at the FOIA, there are a number of companies that rec'd over 1M and had very few employees. There were a number of banks that were doing the due diligences that they could, and there were a number that were giving people everything they wanted without doing any due diligences.