By Naveen Athrappully The Small Business Administration (SBA) has suspended 111,620 California borrowers suspected of committing fraudulent activity related to COVID-19 pandemic-era loan grants, the agency said in a Feb. 6 statement. The fraud involves the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program. PPP, established under the Coronavirus Aid, Relief, […]
Tag: Corruption
Corruption is a form of dishonesty or criminal offense undertaken by a person or organization entrusted with a position of authority, to acquire illicit benefit or abuse power for one’s private gain. Corruption may include many activities including bribery and embezzlement, though it may also involve practices that are legal in many countries.
