Federal investigators have more than 200 open cases probing these scams.

The Paycheck Protection Program (PPP) was created at the height of the COVID-19 pandemic to provide financial aid for small ...

A Belleair man was found guilty of COVID loan fraud while using his former business partner's identity, who died in 2019.

The count of conspiracy to commit bank fraud carries a penalty of 30 years in prison and a fine of $1 million, or twice the ...

Jabari Long, a 45-year-old Beverly Hills resident, pleaded guilty on Jan. 20 to wire fraud affecting a financial institution.

The U.S. Attorney's Office says that 72-year-old John L. Hutchins, owner of Rapids Theatre, was sentenced to 14 months in ...

Had it been around in 2020, it could have flagged tens of billions before payouts, PRAC tells Congress A fraud-detection AI ...

Legal consequences can be up to 20 years in prison, plus fines of more than $250,000. This scheme often combines with other fraud types. Because of the complexity of this crime, investigating this ...

Defendant convicted of second-degree grand larceny and third-degree forgery. Fraud scheme involved multiple Dime Bank branches and $75,000 in fraudulent loans. Defendant used false corporate documents ...

Mortgage fraud is a federal crime with consequences like prison time and hefty fines. Learn why honesty on loan applications is crucial to avoid trouble. Miami Herald File The fact that Sen. Adam ...

Lying on a loan application might seem like a quick solution to secure funds, but it carries serious financial and legal consequences. Penalties range from immediate loan denial or forced repayment to ...