What were they thinking? Fraudulent PPP loans are coming back to haunt alleged scammers

Name: What were they thinking? Fraudulent PPP loans are coming back to haunt alleged scammers
Uploaded: 2021-04-23T03:53:00Z
Duration: 5 min 16 s
Description: Since the beginning of the pandemic, the federal government claims there have been at least $1B in fraudulent PPP loans dispersed. At least seven people in the Houston area have been arrested for more than $20M in fraudulent loans. This week, a GoFundMe page went viral because it was seemingly set up to help a woman pay back her PPP loan. We ask our panel: what were they thinking?

Since the beginning of the pandemic, the federal government claims there have been at least $1B in fraudulent PPP loans dispersed. At least seven people in the Houston area have been arrested for more than $20M in fraudulent loans. This week, a GoFundMe page went viral because it was seemingly set up to help a woman pay back her PPP loan. We ask our panel: what were they thinking?

By Isiah Carey

Posted April 22, 2021 10:53pm CDT