Code Red – Close To 1 In Every 3 PPP Loans Had Fraud Flags
It’s no secret stimulus programs were a hot mess of fraud. But a new report is revealing just what a mess it was. A new Government Accountability Office (GAO) study has revealed that 28% of PPP and EIDL loans contained fraud red flags. The study found that over 10 million businesses collected over $1 Trillion […]
IRS Flags Historically Low 1 Million Tax Frauds This Year
CNBC reported that the IRS had flagged more than 1 million tax returns by early March as being filed by potential identity thieves. That number sounds shockingly high. Is tax fraud spiking? Should we be worried? When you dig into the history of IRS tax fraud, that 1 million counts could actually spell very good […]