As part of the Coronavirus stimulus, the Small Business Administration (SBA) provided loans to small businesses that were impacted by the Covid-19 pandemic. However, a new report from the SBA’s Inspector General claims the SBA approved wrong bank accounts, multiple loans, and ineligible businesses..amongst others.
October 30, 2020 : Forbes
Unemployed Americans aren’t the only ones waiting for the next pandemic relief check. A slew of fraudsters, including an organized Nigerian cybercrime ring, are also looking to get paid.
October 19, 2020 : Bloomberg Law
Over the past nine months, our country has experienced an unprecedented pandemic featuring a transmittable virus that has spread “like wildfire” to millions of Americans. Unfortunately, the world’s criminals have preyed upon this fast-spreading viral disease, creating the spread of criminal activity that has moved as swiftly as the virus itself.
October 19, 2020 : Credit Union Times
Wells Fargo fired up to 125 employees for allegedly misrepresenting themselves to obtain stimulus money intended to help businesses hurt by the COVID-19 pandemic.
October 15, 2020 : CFO Maqgazine
It began with a text purportedly from O2. The message informed Stephen Frew that his latest payment could not be processed and asked him to update his card details via a link. Frew duly obliged. Within a week the £21,330 he was about to use as a deposit on a flat was stolen from his bank account.
October 11, 2020 : The Guardian