PYMNTS

APRIL 17, 2020

A Rhode Island company is facing allegations of falsely claiming to be an authorized lender for the Small Business Association’s (SBA) Paycheck Protection Program (PPP). District Court for the District of Rhode Island, alleged that the company, also doing business as SBA Loan Program and SBA Loan Program.com, and its owner John C.

Rhode Island 155

Rhode Island Company Security Marketing 155

Abrigo

MAY 15, 2020

Key Takeaways Like other federal relief programs, the PPP has become subject to fraud. The first federal charges of PPP loan fraud have been made – and they're unlikely to be the last. From 9/11 to Hurricane Sandy, and now, during COVID-19, federal relief funds aimed to help people rebuild after a disaster becomes subject to fraud.

Lending 195

Lending Rhode Island Fraud Los Angeles 195

PYMNTS

MAY 28, 2019

The plaintiffs, who live in Michigan and Rhode Island, are trying to get class-action status for the lawsuit. One of the allegations in the suit says the iPhone maker sold the plaintiff’s data to data brokers, who combined the information with other available data and then repackaged and resold it to marketing companies.

Apple 108

Apple Rhode Island Michigan Data 108

CB Insights

NOVEMBER 9, 2017

But a few common threads do emerge, such as an inability to generate sustainable revenue, bad product-market fit, losing to competitors, and (of course) simply running out of money. And then there were some uncommon and more dramatic causes of failure, including: Financial fraud. The Top 20 Reasons Startups Fail. A most-wanted founder.

Capital 78

Capital Company San Francisco Operations 78