How The PPP Loan Defrauded The American People | Multi Level Mondays
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PPP Helped Small Businesses During the Pandemic
The misuse of the COVID relief plan has become one of the biggest frauds in a generation. The Small Business Administration sacrificed security for speed when giving out PPP loans. Americans were promised that help was on the way, but that help had strings attached and could be complicated to navigate. It's almost no surprise that scammers and fraudsters took advantage of that, effectively taking funds from small businesses' pockets.
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