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A Michigan man was sentenced to prison for PPP loan fraud and COVID rental assistance fraud, highlighting ongoing pandemic relief fraud enforcement.

Palm Beach native Elaine Angene Escoe is on the run for a massive $34 million pandemic relief fraud scheme, making FBI history in the process.

John Gotti's grandson stole $1.1M in COVID relief, funneled $420K into crypto, and got 15 months in prison. Prosecutors wanted three years. Here's why that matters.

From a $40 million Houston bank fraud scheme to a South Florida deputy's PPP loan scam, two new cases show how financial fraud is being prosecuted.

At MoneyThumb, we see this firsthand. Fraudsters are no longer just exploiting weak passwords or outdated software; they’re mimicking entire financial identities.

When First Brands Group filed for bankruptcy on September 28, 2025, Wall Street expected a messy restructuring. What they got instead was a financial crime thriller involving $2.3 billion in factoring deals that simply vanished, and a DOJ investigation into one of the most brazen alleged frauds in recent memory.

“Open Banking helps to make the eBay Seller Capital application process easier, faster and more holistic for small businesses, so we can help more eBay sellers start and grow their businesses,”

In one of the more notable COVID-relief fraud cases to hit the lending industry, a California business loan broker has been sentenced to nearly four years in prison for orchestrating a scheme to defraud the Small Business Administration’s Economic Injury Disaster Loan (EIDL) program.

In the summer of 2020, while small businesses across America struggled to survive the economic devastation of the COVID-19 pandemic, Darren Carlyle Sadler was living a very different reality. The 38-year-old Costa Mesa businessman had discovered what he believed was the perfect opportunity hidden within the chaos of the federal government's rushed response to the crisis.

Stephanie Hockridge and her husband, Nathan Reis, co-founded Blueacorn in April 2020 at the height of the pandemic panic. The platform was positioned as a rapid-response solution for distributing PPP funds to small businesses locked out of traditional banking channels. But according to federal prosecutors, Blueacorn became a machine of fraud, processing over $12.5 billion in loans while implementing virtually no guardrails to prevent abuse.

Federal prosecutors continue their aggressive pursuit of Paycheck Protection Program (PPP) fraud, with two recent high-profile convictions demonstrating that the Department of Justice remains committed to holding fraudsters accountable nearly five years after the pandemic began.

The Securities and Exchange Commission has filed a complaint in the Nevada District Court against two men for what amounts to a Ponzi scheme very similar to the MJ Capital case we covered last year in Miami Federal Court.

“You should know that credit ratings understate credit risks because they only rate the risk of the government not paying its debt,” Dalio said in a post on social media platform X.

The SBA is taking steps to strengthen the integrity of its loan programs with the implementation of new anti-fraud measures. These changes are being introduced with the stated support of the Department of Government Efficiency.

As the sentencing hearing of former CEO of MJ Capital Johanna Michele Garcia began, I looked around at the people in the courtroom wondering

Smallwood, who was part of the Eagles' Super Bowl-winning team, is accused of submitting fraudulent applications to both the Economic...