Jeezy Responds To Infidelity Claims By Jeannie Mai: '100 Percent ... - HipHopDX
Jeezy Responds To Infidelity Claims By Jeannie Mai: '100 Percent ...
The government has made fraud investigations and enforcement a priority for funds issued under the pandemic-related CARES Act, most notably regarding funds related to the Paycheck Protection Program. In December 2022, Congress issued a report detailing what it considered to be widespread fraud in the PPP.
Following public reports that many companies did not adequately screen PPP applications, Congress launched its investigation, finding that certain companies that originated only a third of PPP loans were responsible for over 60% of all suspicious loans originated. While this disproportionate number of suspicious loans does not indicate that these specific companies were inherently problematic, Congress found that the lack of enforcement systems invited bad actors to take advantage of the program. Congress found that lax oversight procedures enticed many companies to prioritize profits over procedure.
Congress made a variety of recommendations in its report, including:
Jeezy Responds To Infidelity Claims By Jeannie Mai: '100 Percent ...