All articles tagged with #covid relief loans
The SBA suspended nearly 7,000 Minnesota borrowers for suspected fraud related to COVID-era small business loans, including the Paycheck Protection Program and Economic Injury Disaster Loans, which provided vital support during the pandemic but also faced issues with misuse and fraud due to rapid deployment and limited oversight.
Phone calls made by Marilyn Mosby, the Baltimore State's Attorney, regarding COVID relief loans were made public during her perjury trial. The calls, which were recorded and presented as evidence, revealed Mosby's inquiries about accessing emergency withdrawals and loan processes. Prosecutors allege that Mosby's travel business, Mahogany Elite, was a sham and that she never intended to operate it. Mosby's defense argues that she believed she qualified for the relief and followed the guidelines. Mosby was found guilty of two counts of perjury.