A Plethora of Pandemic PPP Fraud
The Paycheck Protection Program, aka PPP, was the main financial lifeline to small businesses negatively impacted by the COVID-19 pandemic. Billions of dollars in loans were made, and millions of jobs were saved. But there was also a remarkable amount of fraud. In this episode, Caleb and Greg discuss two cases that exemplify PPP fraud: big, brazen, baffling. That’s right, it’s BBB PPP.
- Complaint against David T. Hines
- DOJ press release for charges against David T. Hines.
- DOJ press release for guilty plea of David T. Hines
- DOJ press release for sentencing of David T. Hines
- How Bad Was Virus Aid Fraud? One Banker Was ‘Frustrated With Humanity’ [NYT]
- The $800 Billion Paycheck Protection Program: Where Did the Money Go and Why Did it Go There? [NBER]
- Did FinTech Lenders Facilitate PPP Fraud? [via NYT]
- 'Biggest fraud in a generation': The looting of the Covid relief plan known as PPP [NBC]
- Tarzana Couple flees while under house arrest for PPP fraud — LA Times
- Three fugitives captured in Montenegro - NBC News
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CONNECT WITH THE HOSTS
Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/
Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/
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Full transcript available upon request
Creators and Guests
![Caleb Newquist](https://img.transistor.fm/FfEebcdQfaYAuh4S99qKwPt17wDgPLBE4km48cOOjgo/rs:fill:400:400:1/q:60/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9wZXJz/b24vNTZlZGU5MTAt/NzY2OS00NWM2LWFi/MDktMDM5Njg3N2E2/MzA2LzE2Nzc2NzQz/NjQtaW1hZ2UuanBn.webp)
Host
Caleb Newquist
Writer l Content at @GustoHQ | Co-host @ohmyfraud | Founding editor @going_concern | Former @CCDedu prof | @JeffSymphony board member | Trying to pay attention.
![A Plethora of Pandemic PPP Fraud](https://img.transistor.fm/R84GKUUH0Bddy2uJLi34gVWKHDFhzcDrpRtlFlAmgCE/rs:fill:800:800:1/q:60/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9lcGlz/b2RlLzk1ODAyOS8x/NjYzODY2Njk3LWFy/dHdvcmsuanBn.webp)