Posts tagged SBA

    How did $1.2M in PPP loans get to Pennsylvania unions? Congressional Republicans want to know

    April 18, 2022 // The PPP loans were made quickly by the Small Business Administration in the early days of the pandemic to avoid mass layoffs. Yet the speed in which $800 billion of taxpayer money was doled out left the program liable to waste, fraud, and abuse. An NBC News investigation estimated the cost of fraud at $80 billion, or 10% of the overall fund. That’s in addition to a $900 billion COVID-19 relief fund that may have been defrauded of $90 billion-$400 billion.

    Ex-NYPD union head used sergeants’ dues to fund ‘lavish lifestyle’: prosecutors

    February 23, 2022 // Ed Mullins, 60, is accused of charging hundreds of personal high-end meals to the union since 2017 and using members’ dues to pay for jewelry, clothing and home appliances, according to federal officials.

    Labor Unions Took $37 Million Of Ineligible COVID Relief From Government

    February 3, 2022 // Hundreds of labor unions that were ineligible for the Paycheck Protection Program (PPP), a $953 billion business loan program through the federal government launched in March 2020, raked in $36.7 million in forgivable loans, according to a new report.