A Paycheck Protection Program (PPP) fraud scheme that involved nearly 100 individuals across the country and had acquired up to $1 million in fraudulent loans has ended in four defendants being charged in the U.S. Department of Justice’s District of South Carolina.
In 2020, Congress passed the largest financial support package in U.S. history: the $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act, which authorized $349 billion in PPP loans.
