Tag: fraud
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30 PPP Fraud Prosecutions So Far, and Counting
Paycheck Protection Program (PPP) loans have helped more than 5 million small business owners, providing a much needed lifeline during the Coronavirus outbreak catastrophe. The majority of business owners will be legitimate and will use the cash as intended stay operational and to retain employees. However, the PPP application has attracted a few rotten apples.…
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Elon Musk settles with SEC, out as Tesla chairman
Elon Musk settled with the Securities and Exchange Commission over charges of fraud on Saturday, agreeing to pay a massive fine and step down as the chairman of the Tesla board, pending court approval. He will continue to act as Tesla CEO. Musk and the SEC initially came to blows over Musk’s announcement that he…
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Musk Settles Fraud Suit With SEC, Steps Down as Tesla Chairman
After Tesla CEO Elon Musk tweeted which funding has been secured for a $70 billion go-private attempt, it appeared he might have only pulled off a massive coup — or could be facing an SEC investigation. It was be the latter. Musk chose to repay with the Securities Exchange Commission on Saturday, based on reports. He'll…