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Bad Actors Emerge in PPP Lending – More Expected as Forgiveness Guidance Emerges

Abrigo

The Department of Justice (DOJ) recently charged two businessmen in Rhode Island with fraudulently seeking PPP loans, the first in the country linked to the loan program. In the case of the two men in Rhode Island, there were several red flags pointing to fraud. Industry officials warn it won’t be the last. SBA Lending.

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The Digital Evolution Of The Online Gaming Ecosystem

PYMNTS

Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own.”. The betting platform – which is managed via DraftKings, which won the competitive bid for the project – has been operating since late December, and saw a spike in activity over the weekend.

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House Hearing Signals Fireworks On Big Tech Antitrust Issues

PYMNTS

David Cicilline of Rhode Island, who serves as subcommittee chairman. Operators of digital platforms, according to other recommendations, would also be required to adhere to codes of conduct, and to make pricing a bit more transparent. “It

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How Big Tech Is Finally Tackling Cybersecurity

CB Insights

into cybersecurity startups globally — especially as tech companies have been largely at the center of privacy regulation issues. Amazon may use that underlying technology in its smart home products — including smart speakers — for added layers of protection. Collectively, FAMGA has poured nearly $2.5B

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House Questions Big Tech Over Antitrust Concerns

PYMNTS

Across a trio of hearings , Facebook was grilled about Libra , the cryptocurrency program that has been increasingly drawing scrutiny from regulators. Cicilline noted there have not been challenges from antitrust regulators. There was a separate panel on Google and censorship. In commentary, Rep. percent of the U.S. percent in 2018.

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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

Company: AOptix Technologies. Australian music streaming company Guvera has reportedly stopped operating, with its co-founder and biggest financial backer walking away from the project. The company also found itself confronted by conflicting energy program mandates and regulations. Company: Powa Technologies. via Fortune.

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