Chinese Hackers Stole Millions Worth of U.S. COVID Relief Money, Secret Service Says More Reuters FILE PHOTO: A man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. REUTERS/Kacper Pempel/File Photo ...
The final round of grants was announced on Thursday, with an additional 108 businesses receiving about $4.8 million in COVID relief funds. Baker said the money has provided a needed economic lifeline for many small businesses struggling to survive the limitations and shut...
GET FOX BUSINESS ON THE GO BY CLICKING HERE Washington has gone off the rails. If we want to inject capital into the economy right now and boost liquidity for businesses and consumers, let’s do it in the most efficient way possible: give taxpayers their money back. A payroll tax cut wo...
That’s why, in part due to the recently passed Coronavirus Aid, Relief, and Economic Security Act (or CARES), which designated $350 billion to help small businesses,new programs have been created which are designed to help small business owners make ends meetin this unprecedented financial cri...
A Florida rapper allegedly pocketed more than $1 million in COVID-19 relief funds, which he used to buy a Ferrari and other luxe items, federal prosecutors said. Diamond Blue Smith — who is a member of the group Pretty Ricky — was charged this week for his role in a $17 mill...
About the Coronavirus Relief Package The Atmanirbhar Bharat Abhiyan package is estimated to be 10% of the GDP of India. The scheme includes automatedcollateral-free business loansfor MSMEs and other industries. It also comprises subordinated debt of rupees 20,000 crores for MSMEs. The MSMEs that...
Governments around the world have taken a variety of economic actions to curb the human and economic impact of the pandemic, such as investing in infrastructure projects and health systems, providingpayroll taxrelief for businesses, debt relief, tax-free cash flow assistance, as well as implementing...
She received $851,894 in COVID-19 relief funds from the fraudulent scheme. Clarke is charged with three counts of wire fraud and three counts of money laundering. She faces up to 10 years in prison for money laundering and 20 years in prison for wire fraud if convicted. ...
are typically supported by public dollars, so organization must guarantee that the projects they sponsor provide good value for money, which can be difficult to determine when your company lacks a track record. Most grants will support companies that have been in business for at least two years....
I will continue to provide further details as the SBA updates regulations and rules around Debt Relief guidance for financial institutions that administer these loans. Stay connected via the options below. Get the latest money, tax and stimulus news directly in your inbox ...