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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. Lending & Credit Risk. Member Business Lending.

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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. In some sectors, the balance of these is more ambiguous.

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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

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. Australian music streaming company Guvera has reportedly stopped operating, with its co-founder and biggest financial backer walking away from the project.

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