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Financial Crime News Briefs

Snapshots of money laundering, insider trading, financial fraud, sanctions evasion, regulations, and AI technology developments for educational purposes only.

Day: December 2, 2022

Written by FinCrimeDecember 2, 2022

Two Fintechs Fueled Extensive Pandemic Relief Fraud, House Report Finds

Reported by: Stacy Cowley Top executives from two small start-ups that reaped billions of dollars in fees for facilitating Paycheck Protection Program loans turned a blind eye to extensive fraud among their applicants and appear to have themselves collected large relief loans for which they were ineligible, according to a report released Thursday by Democratic […]

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