The Paycheck Protection Program did little to actually replace workers' wages, according to a new study. Of the $510 billion in 2020 loans, only $115 billion to $175 billion was used to replace wages, ...

Do you need to repay your PPP loan? Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing, and the impact of technology ...

PITTSBURGH — A Scott Township man pleaded guilty in federal court to bank fraud and money laundering charges, United States Attorney Cindy K. Chung announced Tuesday. In a release from the United ...

PITTSBURGH — Two people from Washington County have been sentenced for trying to defraud the United States government by submitting false Payroll Protection Program (PPP) loan applications totaling ...

HARRISBURG, Pa. — The United States Attorney’s Office for the Middle District of Pennsylvania this week sent out a public warning about a nationwide scam to trick unsuspecting people into paying ...

FRANKENMUTH, Mich. (WJRT) - A Frankenmuth man is accused of defrauding a pandemic payroll program out of nearly $41,000. The Michigan Attorney General's Office says 66-year-old Anthony Golden applied ...

The rest of the loan money landed in the pockets of the company's owners and shareholders, according to a new report. Why the rollout of the $2 trillion CARES Act was a colossal mess Desperate ...

When the Paycheck Protection Program launched during the pandemic shutdowns of spring 2020, it immediately became a chaotic free-for-all. Called PPP for short, the program offered simple-to-get, ...