Chicken Farm Fraud Runs Rampant in Rhode Island
Target12, a news outlet in Rhode Island, investigated 3.8 million in suspicious SBA loans in the area and found a stunning $3.8 million in fake farms. Check out this video that shows the shocking story of how fraudsters took advantage of the generous COVID Economic Industry Disaster Loan program to steal millions from Uncle Sam.
Fraud Fueled Millions in Fake Business Loans
Chicken Farms aren’t the first place you would look for loan fraud. But a recent report by Bloomberg indicates that is chicken farms were used to apply for millions in Covid relief. Newly released SBA data reveal thousands of $10,000 grants went to people who falsely claimed to have businesses they didn’t have according to […]