The management company of the LaFontaine Automotive Group in Metro Detroit has agreed to pay $1.5 million to settle an alleged Paycheck Protection Program loan fraud.

The U.S. Small Business Administration is launching a streamlined application portal to allow borrowers with Paycheck Protection Program loans of $150,000 or less, through participating lenders, to ...

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).

Johnley Jorcilien, 34, received 10 years probation for laundering nearly $350,000 in fraudulent PPP loans. Jorcilien pleaded guilty and will serve one year of house arrest and pay restitution. He ...

CHICAGO (WLS) -- The Paycheck Protection Program has issued $22 billion to struggling Illinois businesses, but some of those federal loans are being stolen, according to the FBI. The PPP money is ...