Watchdog Groups Fear More Fraud With New Round Of PPP Loans For Small BusinessesAs business begin apply for the second round of COVID-19 relief funding, federal investigators continue to uncover alleged fraud from the first round of loans.
Dallas Restaurant Owner Russell Birk Says He's Eligible For PPP Loan To Be Forgiven"I'm excited that it was put in place because it was very helpful. Without that, I would have been out of business," said Russell Birk, owner of fast-casual restaurant Maya's Modern Mediterranean.
Feds Say Coppell Man Spent $17 Million In Fraudulently Obtained PPP Loans On Homes & Luxury CarsA Coppell man has been indicted for fraud and money laundering after he allegedly spent more than $17 million in Paycheck Protection Program loan money on lavish personal expenses.
Texas Man Accused Of Spending COVID-19 Relief Funds On Lamborghini, Strip ClubsA Texas man is accused of fraudulently obtaining more than $1.6 million in COVID-19 relief funds and spending it on items such as a Lamborghini and at strip clubs, the Department of Justice said.
Research Shows Congress Created Coronavirus Aid, Then Reaped The BenefitsAt least a dozen lawmakers have ties to organizations that received federal coronavirus aid, according to newly released government data.
Texas Businesses Among Trump Donors Who Were Early Recipients Of Coronavirus LoansAs much as $273 million in federal coronavirus aid was awarded to more than 100 companies that are owned or operated by major donors to President Donald Trump's election efforts.
Texas Lt. Gov. Dan Patrick's Broadcasting Company Received $179K PPP LoanA spokesperson said the money was sought due to a decline in advertising sales and was to cover the payroll and expenses of 13 employees.
Texas Strip Club Owner Got $5.4 Million From Paycheck Protection ProgramThe owner of one of the largest chains of strip clubs in the country, Houston-based Rick's Cabaret, as well as a chain of military-themed sports bars, got $5.4 million from the government's small business coronavirus relief fund.
Owner Of North Texas Wedding Planning Company Charged With Coronavirus-Relief FraudFahad Shah, 44, was charged in an indictment unsealed Tuesday with wire fraud, false statements to a financial institution and money laundering.
Small Businesses Hoping For PPP Loan Changes As $140B Remains UnusedSome businesses say the restriction on the loans have not allowed them to use the money in the way they need it.
North Texas Small Business Owners Turn To Activism Over Lack Of Federal Help: 'The Money Is Out There But We're Not Getting It'Some small business owners who have not gotten any money out of the Paycheck Protection Program are now protesting.
Wells Fargo Faces Government Investigations Into COVID-19 Paycheck Protection LoansWells Fargo on has disclosed that federal and state authorities are investigating its lending practices under a key small business relief effort to combat the economic damage from the novel coronavirus.
Some North Texas Small Business Owners 'Terrified' Loans May Not Be ForgivenAfter qualifying for a loan under the Paycheck Protection Program, some small business owners are now reluctant to spend it.
Small Dallas Restaurant Owner Receives SBA Loan After CBS 11 Reported His StoryA small Dallas restaurant owner said he has been approved for a loan from the Small Business Administration, and is crediting a CBS 11 story that aired last week for making it a reality.
'It's Insane, It's Quick And It's Devastating': CBS Business Analyst On Coronavirus' Economic & Employment ImpactJill Schlesinger said it's difficult to know at this point if reopening businesses will alleviate unemployment.