DOJ Has Charged 57 Businesses with PPP Fraud
The Dept. of Justice announced in a press conference that, since May, it has charged 57 businesses and individuals with fraud related to the Paycheck Protection Program. The PPP is a $670 Billion program intended to provide assistance to small businesses in order to prevent layoffs and help them stay afloat during the Coronavirus pandemic. To no one's surprise, there were immediate claims of fraud, and law enforcement officials have made numerous arrests - including that of Joshua Bellamy, an NFL player charged after he received $1.2 million from the PPP program which he used to gamble and purchase luxury goods, among other things.