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#paycheckprotectionprogram — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #paycheckprotectionprogram, aggregated by home.social.

  1. There was so much #fraud on COVID #PPPloans, the feds trained an #antifraud #AI on the applications
    Hindsight is 20/20, and the roughly five million Small Business Administration COVID-19 Economic Injury Disaster Loan applications used to train PRAC's "Fraud Prevention Engine" were only available after the programs were already up and running, by which point billions of dollars had been paid out and later identified as potentially fraudulent.
    theregister.com/2026/01/14/fed
    #PaycheckProtectionProgram

  2. There was so much #fraud on COVID #PPPloans, the feds trained an #antifraud #AI on the applications
    Hindsight is 20/20, and the roughly five million Small Business Administration COVID-19 Economic Injury Disaster Loan applications used to train PRAC's "Fraud Prevention Engine" were only available after the programs were already up and running, by which point billions of dollars had been paid out and later identified as potentially fraudulent.
    theregister.com/2026/01/14/fed
    #PaycheckProtectionProgram

  3. There was so much on COVID , the feds trained an on the applications
    Hindsight is 20/20, and the roughly five million Small Business Administration COVID-19 Economic Injury Disaster Loan applications used to train PRAC's "Fraud Prevention Engine" were only available after the programs were already up and running, by which point billions of dollars had been paid out and later identified as potentially fraudulent.
    theregister.com/2026/01/14/fed

  4. There was so much #fraud on COVID #PPPloans, the feds trained an #antifraud #AI on the applications
    Hindsight is 20/20, and the roughly five million Small Business Administration COVID-19 Economic Injury Disaster Loan applications used to train PRAC's "Fraud Prevention Engine" were only available after the programs were already up and running, by which point billions of dollars had been paid out and later identified as potentially fraudulent.
    theregister.com/2026/01/14/fed
    #PaycheckProtectionProgram

  5. There was so much #fraud on COVID #PPPloans, the feds trained an #antifraud #AI on the applications
    Hindsight is 20/20, and the roughly five million Small Business Administration COVID-19 Economic Injury Disaster Loan applications used to train PRAC's "Fraud Prevention Engine" were only available after the programs were already up and running, by which point billions of dollars had been paid out and later identified as potentially fraudulent.
    theregister.com/2026/01/14/fed
    #PaycheckProtectionProgram

  6. CW: Long thread/19

    94.5% of the #PaycheckProtectionProgram - designed to help small businesses keep their workers payrolled during lockdown - went to giant businesses, fraudulently siphoned off by companies like Longview Power, 40% owned by KKR:

    pluralistic.net/2020/04/20/gre

    KKR also helped engineer a loophole in the Trump tax cuts, convincing #JustinMuzinich to carve out taxes for #CCorporations, which let KKR save *billions* in taxes:

    pluralistic.net/2020/06/02/bro

    19/

  7. CW: Long thread/19

    94.5% of the #PaycheckProtectionProgram - designed to help small businesses keep their workers payrolled during lockdown - went to giant businesses, fraudulently siphoned off by companies like Longview Power, 40% owned by KKR:

    pluralistic.net/2020/04/20/gre

    KKR also helped engineer a loophole in the Trump tax cuts, convincing #JustinMuzinich to carve out taxes for #CCorporations, which let KKR save *billions* in taxes:

    pluralistic.net/2020/06/02/bro

    19/

  8. CW: Long thread/19

    94.5% of the #PaycheckProtectionProgram - designed to help small businesses keep their workers payrolled during lockdown - went to giant businesses, fraudulently siphoned off by companies like Longview Power, 40% owned by KKR:

    pluralistic.net/2020/04/20/gre

    KKR also helped engineer a loophole in the Trump tax cuts, convincing #JustinMuzinich to carve out taxes for #CCorporations, which let KKR save *billions* in taxes:

    pluralistic.net/2020/06/02/bro

    19/

  9. CW: Long thread/19

    94.5% of the #PaycheckProtectionProgram - designed to help small businesses keep their workers payrolled during lockdown - went to giant businesses, fraudulently siphoned off by companies like Longview Power, 40% owned by KKR:

    pluralistic.net/2020/04/20/gre

    KKR also helped engineer a loophole in the Trump tax cuts, convincing #JustinMuzinich to carve out taxes for #CCorporations, which let KKR save *billions* in taxes:

    pluralistic.net/2020/06/02/bro

    19/

  10. CW: Long thread/19

    94.5% of the #PaycheckProtectionProgram - designed to help small businesses keep their workers payrolled during lockdown - went to giant businesses, fraudulently siphoned off by companies like Longview Power, 40% owned by KKR:

    pluralistic.net/2020/04/20/gre

    KKR also helped engineer a loophole in the Trump tax cuts, convincing #JustinMuzinich to carve out taxes for #CCorporations, which let KKR save *billions* in taxes:

    pluralistic.net/2020/06/02/bro

    19/

  11. Man applying for online loan presented with application of a perfect stranger - Enlarge (credit: _chrisUK)
    Jay Warren was frantically trying to submit an online loan application... more: arstechnica.com/?p=1671785 #paycheckprotectionprogram #covid-19 #privacy #biz&it #banks

  12. CW: covid, banks, payroll

    We are “Platinum Honors” business customers with Bank of America for 12 years now but they won’t give us a PPP loan because we never borrowed money from them.

    We will move our accounts elsewhere.

    Now to find out how we can keep payroll going for our employees. :welp:

    #PaycheckProtectionProgram