2min chapter

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The PPP Omnibus: Eminent Domain, Fraud, and Fintech

a16z Podcast

CHAPTER

What's the Best Way to Stop All Fraud?

Niptali: The best way of stopping all fraud is to stop all transactions. He says there are three different categories of fraud - fictitious businesses, kick back schemes and mildly misuse of funds. 'The worst, for sure, is creating totally fictitious businesses and fake employees and just using it to steal money from us citizens'

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