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DOJ Joins $13M PPP Fraud Suit Against Summer Camp Owner Michael Shabsels

DOJ alleges SIMAD owner Michael Shabsels and related companies improperly obtained over $13 million in PPP loans before their 2026 collapse.

Funding

4 min read

DOJ Investigates SIMAD Holdings as Camp Sales Begin and $230 Million in MCA Exposure Emerges

DOJ Investigates SIMAD Holdings. SIMAD faces federal investigations as its summer camps head to auction and now more than $230m reported in MCA exposure.

Funding

16 min read

Boca Raton, FL

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