Banks report record amount of suspected business-loan fraud during PPP - Business Insider

President Donald Trump with Jovita Carranza, the administrator of the Small Business Administration, and Treasury Secretary Steven Mnuchin at an event about the Paycheck Protection Program.Banks in July filed a record-high number of claims of suspected business-loan fraud, according to a new report.

That figure is nearly seven times the monthly average and is the highest of any month recorded in FinCEN's database, which has been operating since 2014. For comparison, 1,263 reports were filed in all of 2015, the researchers said. Though the suspicious-activity claims are not "definitive evidence of fraud, the FinCEN data casts doubt on the assertion that there has been minimal fraud in the Paycheck Protection Program," the report said.

If Biden wins, millions of Americans look forward to the media attacking him for 4 yrs just like they attack Trump. If media doesn’t give Biden same treatment a lot of Americans will be unhappy.

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