Originally published by ProPublica. Financial technology firms at the front lines of approving loans through the Paycheck Protection Program — intended to help small businesses survive during the pandemic — lacked fraud controls, chased high fees to the detriment of some borrowers and sometimes exploited their business relationships to arrange suspect loans for the companies’ own executives.

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This post was originally published on Latest – Truthout.

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Ken Schwencke | radiofree.asia (2024-05-12T02:07:06+00:00) » Financial Technology Firms Made “Massive Profits” on PPP Loans, Engaged in Fraud. Retrieved from https://radiofree.asia/2022/12/04/financial-technology-firms-made-massive-profits-on-ppp-loans-engaged-in-fraud/.

MLA

" » Financial Technology Firms Made “Massive Profits” on PPP Loans, Engaged in Fraud." Ken Schwencke | radiofree.asia - Sunday December 4, 2022, https://radiofree.asia/2022/12/04/financial-technology-firms-made-massive-profits-on-ppp-loans-engaged-in-fraud/

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Ken Schwencke | radiofree.asia Sunday December 4, 2022 » Financial Technology Firms Made “Massive Profits” on PPP Loans, Engaged in Fraud., viewed 2024-05-12T02:07:06+00:00,<https://radiofree.asia/2022/12/04/financial-technology-firms-made-massive-profits-on-ppp-loans-engaged-in-fraud/>

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Ken Schwencke | radiofree.asia - » Financial Technology Firms Made “Massive Profits” on PPP Loans, Engaged in Fraud. [Internet]. [Accessed 2024-05-12T02:07:06+00:00]. Available from: https://radiofree.asia/2022/12/04/financial-technology-firms-made-massive-profits-on-ppp-loans-engaged-in-fraud/

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" » Financial Technology Firms Made “Massive Profits” on PPP Loans, Engaged in Fraud." Ken Schwencke | radiofree.asia - Accessed 2024-05-12T02:07:06+00:00. https://radiofree.asia/2022/12/04/financial-technology-firms-made-massive-profits-on-ppp-loans-engaged-in-fraud/

IEEE

" » Financial Technology Firms Made “Massive Profits” on PPP Loans, Engaged in Fraud." Ken Schwencke | radiofree.asia [Online]. Available: https://radiofree.asia/2022/12/04/financial-technology-firms-made-massive-profits-on-ppp-loans-engaged-in-fraud/. [Accessed: 2024-05-12T02:07:06+00:00]

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» Financial Technology Firms Made “Massive Profits” on PPP Loans, Engaged in Fraud | Ken Schwencke | radiofree.asia | https://radiofree.asia/2022/12/04/financial-technology-firms-made-massive-profits-on-ppp-loans-engaged-in-fraud/ | 2024-05-12T02:07:06+00:00

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