PPP fraud in the billions: Loans over $2 million subject to scrutiny

To date, the government has provided over $525 billion in relief through more than 5.2 million loans under the Paycheck Protection Program (PPP). The PPP was part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act and was designed to help small businesses survive the economic downturn caused by Covid-19. This massive program comes on the heels of other local, state and federal emergency measures, including significant spending on critical supplies. But preliminary analysis of the…