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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.

Lending 195
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House Hearing Signals Fireworks On Big Tech Antitrust Issues

PYMNTS

David Cicilline of Rhode Island, who serves as subcommittee chairman. Take the tech sector: You have seen a lot of innovation, but you also have platforms with network effects that lend themselves to scale.”. We certainly would not want to regulate technology the same way we regulate municipal water.”.

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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. Company: AOptix Technologies. Select VC Investors: Bill Gates, CapX Partners, Constellation Technology Ventures. Company: Powa Technologies.

Capital 78