{"id":907646,"date":"2022-12-04T17:11:27","date_gmt":"2022-12-04T17:11:27","guid":{"rendered":"http:\/\/radiofree.asia\/?guid=2032de3677a1c9573135616805bb6146"},"modified":"2022-12-04T17:11:27","modified_gmt":"2022-12-04T17:11:27","slug":"financial-technology-firms-made-massive-profits-on-ppp-loans-engaged-in-fraud","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2022\/12\/04\/financial-technology-firms-made-massive-profits-on-ppp-loans-engaged-in-fraud\/","title":{"rendered":"Financial Technology Firms Made \u201cMassive Profits\u201d on PPP Loans, Engaged in Fraud"},"content":{"rendered":"<p>Originally published by ProPublica. Financial technology firms at the front lines of approving loans through the Paycheck Protection Program &mdash; intended to help small businesses survive during the pandemic &mdash; 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&rsquo; own executives.<\/p>\n<p><a href=\"https:\/\/truthout.org\/articles\/financial-technology-firms-made-massive-profits-on-ppp-loans-engaged-in-fraud\/\" rel=\"nofollow\">Source<\/a><\/p>\n<p class=\"syndicated-attribution\">This post was originally published on <a href=\"https:\/\/truthout.org\/articles\/financial-technology-firms-made-massive-profits-on-ppp-loans-engaged-in-fraud\/\">Latest \u2013 Truthout<\/a>. <\/p>","protected":false},"excerpt":{"rendered":"<p>A congressional report finds lax anti-fraud standards, execs who cashed in, and contempt for small loan applicants.<\/p>\n","protected":false},"author":25393,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5257,726,54993,3607,4,12016],"tags":[],"_links":{"self":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/907646"}],"collection":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/users\/25393"}],"replies":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/comments?post=907646"}],"version-history":[{"count":1,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/907646\/revisions"}],"predecessor-version":[{"id":907647,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/907646\/revisions\/907647"}],"wp:attachment":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/media?parent=907646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/categories?post=907646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/tags?post=907646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}