Latest Small business financing News

Police department worker gets 60 days for COVID relief fraud

Aug. 04, 2022 18:56 PM EDT

MIAMI (AP) — A former civilian employee for a South Florida police department has been sentenced to 60 days in federal prison for stealing over over $117,000 in COVID relief funds. Elisa Rivera, 51, was sentenced Wednesday in Miami federal court, according to court records. She...

West Virginia woman admits COVID-19 loan fraud scheme

Aug. 04, 2022 04:01 AM EDT

CHARLESTON, W.Va. (AP) — A West Virginia woman has admitted accepting more than $42,000 in paycheck protection loans under a federal COVID-19 assistance program for businesses that were not engaged in substantial activity. Alexis Ransom, 24, of Logan, pleaded guilty Wednesday to...

West Virginia man admits COVID-19 loan fraud scheme

Jul. 29, 2022 04:04 AM EDT

CHARLESTON, W.Va. (AP) — A West Virginia man has admitted accepting more than $41,000 in paycheck protection loans under a federal COVID-19 assistance program for a business that did not exist. Malik Breckenridge, 26, of Charleston, pleaded guilty Thursday to wire fraud in federal...

As Ohio welcomes refugees, a nonprofit gives them a boost

Jul. 21, 2022 15:51 PM EDT

CLEVELAND (AP) — Hakizimana Muvunye, a refugee from Congo who lives in Cleveland, is a man doing his best. He’s the owner of Asante Landscaping but has only five clients so he also drives for Uber. “I need to take care of my family,” he said. Muvunye and his wife, Irene...

Kentucky man sentenced in $1.3M COVID-relief fund scheme

Jul. 08, 2022 16:36 PM EDT

LEXINGTON, Ky. (AP) — A Kentucky man has been sentenced to more than three years in federal prison for fraudulently obtaining pandemic small business loans totaling more than $1.3 million. Federal authorities said he used some of the funds to pay off gambling debts. ...

WVa gov to appeal denial of federal flood assistance

Jul. 06, 2022 04:12 AM EDT

CHARLESTON, W.Va. (AP) — West Virginia Gov. Jim Justice said he plans to appeal a ruling that denied federal assistance for flooding in three counties. Justice said Tuesday that the Federal Emergency Management Agency ruled that May 6 storm damage was not severe enough to qualify...

Maine man faces up to 30 year sentence in PPP fraud case

Jul. 06, 2022 02:02 AM EDT

BANGOR, Maine (AP) — A Maine man pleaded guilty to federal bank fraud charges stemming from a Paycheck Protection Program application, federal prosecutors said. The U.S. Department of Justice said the Skowhegan man obtained a $59,145 loan for his Bangor-based company using false...

Baltimore man indicted for multiple fake loan applications

Jul. 01, 2022 09:30 AM EDT

A federal grand jury has indicted a Baltimore man for submitting several fraudulent loan applications as well as stealing the identity of a tax preparer, according to a federal prosecutor. Dana Lamar Antonio Hayes Jr., 37, on federal charges of wire fraud, money laundering, and...

Man gets more than 3 years in prison for $13M COVID-19 fraud

Jun. 17, 2022 15:48 PM EDT

BOSTON (AP) — A Massachusetts businessman convicted of fraudulently seeking more than $13 million in federal coronavirus pandemic relief loans has been sentenced to more than three years in prison. Elijah Majak Buoi, 40, of Winchester, was also sentenced to three years of...

Florida police officer charged with COVID-19 relief fraud

Jun. 16, 2022 19:58 PM EDT

MIAMI (AP) — A South Florida police officer has been charged with fraudulently applying for a COVID-19 relief advance grant and low-interest loan. A federal grand jury in Miami returned an indictment Wednesday against the 44-year-old Coral Springs police officer, according to court...