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

Abrigo

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
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Chinese Hackers Target Navy Contractors To Steal Military Secrets

PYMNTS

The attacks affect all branches of the military , but Navy and Air Force contractors are seen as attractive targets because they deal with advanced weaponry and technology. Chinese hackers go after contractors because often, they don’t have the resources needed to secure their networks. It called the security breaches unacceptable.

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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

And then there were some uncommon and more dramatic causes of failure, including: Financial fraud. Company: AOptix Technologies. The startup, which was established in 2008, privately raised $185 million before its $100 million initial public offering was blocked by the Australian Securities Exchange last year. via TechCrunch.

Capital 78