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PPP – XtremeCuztoms

Tag: PPP

Florida Immigrant Sentenced in $4.2 Million COVID-19 Business Relief Fraud Scheme

A Florida man has been sentenced to six years and two months in federal prison and ordered to pay more than $2.1 million after fraudulently submitting COVID-19 relief loans under the Paycheck Protection Program (PPP). Valesky Barosy, 27, was sentenced in Fort Lauderdale federal court, according to court records. He was convicted by a jury on five counts of…


Capitol Report: 42 Bipartisan Senators Issue Serious Warning to the CCP; Rep. Stefanik Says Donor Funds Stolen

President Joe Biden signed a bill to avert a crippling rail strike. But he says the fight isn’t over for a key measure lacking in the legislation. Dozens of U.S. lawmakers give a warning to the Chinese Communist Party that there will be consequences if it violently responds to protestors who are standing up to…


By Fraud, $45.6 Billion in US Pandemic Unemployment Insurance Was Stolen, Says Labor Dept. IG

Criminals have fraudulently stolen $45.6 billion in unemployment benefits from U.S. government programs meant to assist Americans who lost their jobs during the pandemic. The federal government started an unemployment aid program in March 2020 during the early days of the pandemic. The hundreds of billions in pandemic aid immediately attracted criminals, who exploited the…


White House’s Offensive Against GOP Critics of Student Debt Cancellation Could Backfire: Analysts

News Analysis The White House’s attack on Republicans for their alleged hypocrisy in taking advantage of the loan forgiveness provisions of the Paycheck Protection Program (PPP) while opposing President Joe Biden’s student loan forgiveness for to up to 43 million Americans is highly misguided, according to a GOP lawmaker and experts. PPP was an emergency…


Kaiser Alleges $5 Million in Losses in PPE Purchase Scheme

LOS ANGELES—Kaiser Foundation Health Plan Inc. is suing a company and a former Kaiser employee for allegedly defrauding the health plan out of millions of dollars as it raced to meet the challenges of having sufficient personal protective equipment for its medical staff during the pandemic. The allegations in Kaiser’s Los Angeles Superior Court lawsuit…


Irvine Man Arrested on Federal Fraud Charges Involving PPP Loans

SANTA ANA—An Orange County man was arrested May 7 on federal charges alleging he fraudulently obtained about $5 million in Payment Protection Program (PPP) loans for his sham businesses, then used the money on himself, including purchasing Ferrari, Bentley and Lamborghini sports cars. Mustafa Qadiri, 38, of Irvine, was named in a federal grand jury…


New York Man Charged in $4 Million ‘Piggy Bank’ COVID-19 Relief Scam

A dual resident of New York and Florida has been changed with fraudulently obtaining and laundering nearly $4 million in funds from the COVID-19 relief Paycheck Protection Program (PPP), according to prosecutors. Gregory J. Blotnick, 34, of New York City and West Palm Beach, is accused of fraudulently obtaining more than $3.8 million in federal…


Chinese Communist Party-Linked Firms May Have Received up to $400 Million in Virus Relief Loans

Federal tax officials should launch a forensic audit and investigation of more than 125 U.S. firms with significant links to the Chinese Communist Party (CCP) that received up to $420 million in Paycheck Protection Program (PPP) loan funds last year, according to the founder of a citizen’s group devoted to government transparency. “Communist Chinese defense…


Biden Signs Bill to Extend PPP Loan for Another Two Months

President Joe Biden signed a bipartisan bill into law on Tuesday afternoon, extending the Paycheck Protection Program (PPP) for another two months for small businesses impacted by the pandemic. The PPP is a loan designed to provide economic relief for small businesses to keep their workers employed during the COVID-19 pandemic. The loan is back by the…


Biden Signs Bill to Extend PPP Loan Program for Another Two Months

President Joe Biden signed a bipartisan bill into law on Tuesday afternoon, extending the Paycheck Protection Program (PPP) for another two months for small businesses impacted by the pandemic. The PPP is a loan designed to provide economic relief for small businesses to keep their workers employed during the COVID-19 pandemic. The loan is back by the…