This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Blueacorn founder Stephanie Hockridge was found guilty ...

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. The Department of Justice alleged that Nathan Reis and ...

PHOENIX — A Scottsdale-based company that processed Paycheck Protection Program loan applications during the pandemic failed to screen out applicants with signs of fraud while abusing the program to ...

One of the founders of Blueacorn — a fintech developed during the heyday of the pandemic-era Paycheck Protection Program — was found guilty by a federal jury of conspiring to fraudulently obtain tens ...

SCOTTSDALE, AZ — An Arizona company, which helped gig workers and mom-and-pops get the federal loans to stay in business during the pandemic, is now at the center of a Congressional probe into whether ...

DALLAS, Jan. 11, 2021 /PRNewswire/ -- Crossroads Systems, Inc. (OTCQB: CRSS) ("Crossroads" or the "Company"), a holding company focused on investing in businesses that promote economic vitality and ...

The founders of a financial technology firm that helped lenders make pandemic relief loans to thousands of small businesses across the country — including more than 3,200 on Long Island — have been ...

Since the CARES Act was enacted in March 2020, 200 defendants in more than 130 criminal cases have been prosecuted and over $78 million in cash proceeds derived from fraudulently obtained PPP funds ...

Aug. 12 (UPI) --An ex-financial executive is likely to spend years behind bars over wire fraud charges in an alleged pandemic-era financial scheme to defraud the federal government's small business ...

Amid the debate about whether fintechs should have a larger role in government-backed small-business lending programs, a new report claims fintechs processed billions in fraudulent PPP loans. Several ...