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Started By
Message
re: Is there a new PPP hustle going around?
Posted on 5/26/21 at 7:28 am to Bazzatcha
Posted on 5/26/21 at 7:28 am to Bazzatcha
quote:
According to public information, 192,693 "businesses" in Louisiana have received PPP Loans. ONLY 1 fraud indictment.
Based on my experience with PPP, I would imagine the fraud would be caught during the forgiveness process since that’s when you have to prove the money was used for payroll, office rent, etc...
Not sure how many people have gotten to that point yet
1
Posted on 5/26/21 at 7:46 am to DCtiger1
Forgiveness by loan count
Data as of May 24, 2021
Total 2020 PPP volume
5.2 million
Forgiven
3.3 million
Amount not forgiven
-
Under review
145k
Applications not yet received
1.7 million
Data as of May 24, 2021
Total 2020 PPP volume
5.2 million
Forgiven
3.3 million
Amount not forgiven
-
Under review
145k
Applications not yet received
1.7 million
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