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“The government’s own data shows that there’s just a lot more prosecutions coming out of the CARES Act and the PPP.”
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The U.S. Small Business Administration has referred more criminal cases — including two from Nevada — to federal prosecutors in 2020 than in any year during the last two decades, thanks in large part to growing COVID-19 stimulus aid fraud, a report shows.
Since the $2 trillion CARES Act was enacted last March, the U.S. Small Business Administration has been tasked with disbursing the popular Paycheck Protection Program funds to help struggling small businesses weather the coronavirus pandemic, according to a new report by Syracuse University.
Austin Kocher, a professor at Syracuse University’s Transactional Records Access Clearinghouse and author of the report published Wednesday, said that fraud within the $659 billion small business aid program isn’t surprising.
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