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Posted inEurope

Assessing the fallout from coronavirus relief loan frauds

by Martin Woods September 16, 2020January 26, 2022

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JPMorgan Chase last week released an all-company memo acknowledging it is assisting law enforcement agencies with investigations of alleged fraud related to U.S. government-backed Paycheck Protection Program (PPP) loans. The probe, which will focus on instances of customers misusing the coronavirus relief loans intended for small businesses, could potentially extend to employees as well.


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