The Justice Department has charged more than 120 defendants with fraud related to PPP loans. Some cases are substantial. For example, in March, a Texas man pleaded guilty to a scheme applying for 15 different PPP loans using 11 different companies to get $24.8 million. In a pending case in California, federal prosecutors charged eight defendants with seeking more than 100 loans totaling almost ...

Lee Jung-hyun, head of the People Power Party's nomination management committee, on Sunday called on young people to step into regional politics.

The bulk of the loan money handed out through the government’s $800 billion Paycheck Protection Program (PPP) didn’t go to workers—it helped business owners and shareholders. That’s the finding of a new study published by top economists at the ...

The Paycheck Protection Program (PPP), a federally-funded loan program created as part of the CARES Act as an incentive for small businesses to maintain their payrolls, stopped accepting loan application requests last weekend. Government-approved lenders ...

The US Small Business Administration and Treasury released borrower loan application forms Friday night for the rebooted Paycheck Protection Program (PPP), which will launch Monday, initially for select lenders and borrowers before a broader opening takes ...

The PPP closed to new applications over the weekend with over $130 billion in unclaimed funds. Going forward, the lenders that participated in the PPP will need to shift resources to deal with its aftermath. Insider Intelligence publishes hundreds of ...

Since the Paycheck Protection Program was passed in March, the forgiveness/payback rules have changed. This is the 21st edition of my New Regular series, which is devoted to helping your business survive and thrive to the other side of the weirdest year in ...

President Lee Jae Myung's Lunar New Year holiday was dominated by a political spat over housing as he traded barbs with the conservative opposition over property ownership and real estate policy.