IRVINE, Calif. (KABC) -- An Irvine man allegedly obtained about $5 million in federal coronavirus-relief loans for his fake businesses and then spent the funds on himself, including buying Ferrari, ...

One of the founders of the lender service provider Blueacorn has entered a guilty plea in a scheme intended to fraudulently obtain COVID relief money through the Paycheck Protection Program (PPP). A ...

Add Yahoo as a preferred source to see more of our stories on Google. A federal judge has sentenced a Loxahatchee woman described as the ringleader of a South Florida Paycheck Protection Program fraud ...

A founder of a lending service company has pleaded guilty to a serious crime involving fake loans tied to the COVID-19 relief program. Nathan Reis, who co-founded the company Blueacorn, admitted to ...

Allegations of fraud came to light through a previously sealed lawsuit brought by two whistleblowers. The whistleblowers will receive a combined 15% of the settlement amount, the U.S. Attorney’s ...

Billionaire Herb Chambers will pay $11.8 million to settle allegations that his companies improperly obtained Paycheck Protection Program (PPP) loans. Chambers' companies allegedly sought loans ...

Araceli Benitez allegedly advertised services to obtain Paycheck Protection Program loans. Benitez arrested in FBI, IRS investigation into COVID-19 relief fraud. Paycheck Protection Program was ...

Aaron B. Collins is accused of committing bank fraud, money laundering by using COVID-19 business relief funds on personal expenses like cars, crypto.