Small business loans during COVID were easy to take advantage of, and scammers may have funneled those government subsidies into home purchases.
The housing market ended up bearing a disproportionate cost from successful scammers who filed fraudulent claims filed under the Paycheck Protection Program (PPP). Homebuyers in 2020 and 2021 had to compete with fraudulent recipients of PPP funds who… [4631 chars]
Source: Fortune | Published: 2026-05-29T17:26:02Z
Credit: Fortune
