First coronavirus stimulus fraud charges filed against two men seeking $500K in PPP loans

“Howard Dvorkin, chairman of Florida-based Debt.com, told FOX Business he suspects the program will be riddled with fraud, which he noted was “sad” considering many businesses that actually need the assistance may not get it. One example of potential fraud Dvorkin foresees potentially occurring is a person who may have fired all of his or her staff and applied for a loan, with no intention of rehiring workers, and then files for bankruptcy protection.”