Federal authorities in California arrested two women on Thursday, accusing them of organizing a fraudulent loan scheme that exploited the government’s Paycheck Protection Program (PPP) during the COVID-19 pandemic. The two women, Vanessa M. Williams, 35, of Corona, and Denise Mata, 34, of Moreno Valley, face multiple counts of wire fraud following a 23-count indictment […]
Federal officials forgave $809 million in Paycheck Protection Program (PPP) loans handed out during the COVID-19 pandemic in 2020 to more than 100 of the nation’s top law firms and another $635 million given to hundreds of elite accounting offices, according to a new analysis of government spending to be made public on Dec. 2. […]
President Joe Biden signed a bill to avert a crippling rail strike. But he says the fight isn’t over for a key measure lacking in the legislation. Dozens of U.S. lawmakers give a warning to the Chinese Communist Party that there will be consequences if it violently responds to protestors who are standing up to […]
The Paycheck Protection Program (PPP) was designed to help American small businesses dealing with the pandemic. According to a report, hundreds of millions of dollars from those funds found their way to companies tied to the Chinese Communist Party.
Federal tax officials should launch a forensic audit and investigation of more than 125 U.S. firms with significant links to the Chinese Communist Party (CCP) that received up to $420 million in Paycheck Protection Program (PPP) loan funds last year, according to the founder of a citizens group devoted to government transparency. “Communist Chinese defense […]
Congress is planning to extend the application deadline for the Paycheck Protection Program (PPP), the government’s aid for small businesses. Businesses were delighted with the program, but now that we’re a year in, not everyone thinks continuing it is a good idea.
The IRS is now letting businesses write off expenses paid for with PPP loans. That means a double benefit for business owners—they get free money to pay wages and then they can treat the wages like a regular expense and reduce their tax liability. NTD gets more details from a tax expert.
More people filed for state unemployment benefits last week. Meanwhile states are facing delays because of fraud—California says it won’t be processing new applications for two weeks. Hundreds of billions of dollars from the CARES act are still untouched. A senator asks if there’s a better way for it to be put to use. Tiktok […]
The latest virus aid relief bill hasn’t make it through the Senate. Republicans and Democrats blame each other. The bill was less expensive than previous proposals. JP Morgan fires several employees after finding out they received PPP loan money meant for small businesses. The Department of Justice is also tightening the screws on PPP fraud. […]
The Justice Department is charging a man for allegedly defrauding over $800,000 from the paycheck protection program, which was designed to help small businesses survive during the CCP (Chinese Communist Party) virus pandemic. And he’s not the only one.
The United States imposes sanctions on Hong Kong’s leader and top officials, Trump signs executive orders to ban Tiktok and Wechat from doing business with U.S. companies, and a new report has found that Chinese-backed firms received hundreds of millions of dollars in PPP loans.
The Chinese military just became a little bit stronger—thanks to American taxpayers. A new report by the consulting firm Horizon Advisory found Chinese firms received at least $192 million from U.S. PPP loans—and some of them have direct links to China’s military and military-civil fusion enterprises. An author of the report, Emily de La Bruyère, […]
Hundreds of millions of U.S. taxpayer dollars went to Chinese companies from the Paycheck Protection Program (PPP) that was designed to help small businesses survive during the pandemic, according to a new report.
Millions of dollars from the federal government’s Paycheck Protection Program (PPP) are flowing to companies and organizations tied to the Chinese Communist Party (CCP). These include socialism advocators, CCP state-owned enterprise collaborators, partners of China’s Confucius Institutes, and more.
WASHINGTON—The U.S. Senate unanimously passed legislation on June 3 giving small businesses more leeway in using the Paycheck Protection Program (PPP), welcome news for many small business owners who have been worried about whether they will have their loans forgiven. The legislation would give small businesses more time to use the relief fund by extending […]
Trump says it “should be easy” to extend the time restaurant owners have to use PPP funds, the Senate Judiciary Committee will debate and vote on whether or not to subpoena Obama-era officials, and congressmen are calling for Magnitsky sanctions on Chinese officials for their part in the CCP virus coverup.
