Reports indicate that the PPP task force is looking into claims after people stated that they made a certain amount of money in order to qualify for the loan.
In certain cities, if an individual received public housing assistance and obtained a PPP loan, they may be receiving a letter from the housing authority.
For example, people who got $20,000 indicated that they earned at least $99,999 the year before. Now, the housing authority is trying to determine why they weren’t informed of the earnings or the business.
President Biden stated that he would be going after those who fraudulently obtained loans, and he began in low-income communities.
The government issued a lot of money without requiring documentation from taxes. However, when Biden took office, individual case files were audited. Now, Kevin Chambers has been instructed by the attorney general to charge those who illegally obtained a loan.
