Updated: Feb 15, 2022
Small Business Owners (Real or Fake) Who Are Accused or Convicted of the Largest EIDL/PPP/CARES Act Fraud
Our Top 15 Zeroes of the Pandemic
As stated in an earlier post we published, “We recently polled over 1,400 BRP Onesta clients who own one or more small businesses. Of the responses we received, most (84.2%) were thankful of the PPP and EIDL programs, and many (68.3%) said it was not enough.”
However, some folks got greedy and got caught.
Our first interaction with someone who had committed PPP fraud was our client, Henry (Named Changed Because of NDA).
Henry ran a small trucking company with several trucks that had sustained some moderate growth in the time we worked with the company.
We had executed several truck loans for Henry’s LLC over a period of about 4 years. In July 2020, Henry asked us to work on financing for two more trucks which we happily agreed to help him and his company with. As usual, we asked for our credit application updated and several months of business bank statements. That is when things changed, and we realized things were a bit different…