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Red Power Ranger Actor Among 19 Accused in Texas PPP Scheme
Nineteen people, including the actor who played the Red Power Ranger on television, are facing federal charges after being accused of conspiracy to commit wire fraud, the Department of Justice says.
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Locals React to Mass. Pizza Shop Owner's Fraudulent PPP Loan
Dana McIntyre, 57, of Grafton, Vermont, is accused of fraudulently obtaining more than $660,000 in federal coronavirus relief funds for his Massachusetts pizza parlor. Meanwhile, small business owners scrambled to get federal aid through the Paycheck Protection Program, which the New York Times reported ran out of funding four weeks before its scheduled end date.
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Mass. Lawmakers Want to Erase Surprise Tax on Small Businesses
Massachusetts lawmakers are acting to remove an unexpected financial burden for many small businesses. Members of the House and Senate have now passed legislation to ensure Massachusetts does not tax companies on the relief money they received through the federal government’s Paycheck Protection Program. As the NBC10 Boston Investigators first reported in January, some business owners were shocked to...
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PPP Tax Bill Seeks to Remove Financial Burden for Businesses
State lawmakers are taking action to remove an unexpected tax burden for struggling Massachusetts small businesses.
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Lawmakers Move to Remove Tax From PPP Loans
Massachusetts legislators are urging swift action to remove an unexpected financial burden for struggling small businesses.
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‘Simply Not Fair': Mass. Lawmakers Push to Erase Taxes on PPP Loans
Thousands of business owners in Massachusetts could get a reprieve from surprise tax bills attached to their emergency coronavirus relief. As the NBC10 Boston Investigators first reported, the state of Massachusetts will assess a 5% tax on money that many business owners received last year through the federal government’s Paycheck Protection Program. At Signarama in Braintree, Massachusetts, for example, a…
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Mass. Lawmakers Push to Erase Taxes on PPP Loans
There are efforts on Beacon Hill to remove the hefty tax bill some businesses are facing after receiving forgivable loans to stay afloat amid the coronavirus pandemic.
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Boston Greenhouse Highlights Pitfall Business Owners Faced Applying for PPP Relief
Soon after Lisa Evans and Tim Smith cut the ribbon at We Grow Microgreens, the pandemic arrived. Hoping to keep workers on the payroll, Evans and Smith applied for relief from the federal government’s Paycheck Protection Program, which was designed to help small businesses hurt by the virus. We Grow Microgreens received only $810.
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This Boston Greenhouse Got Just $810 From the PPP. Is More Help Coming?
The Paycheck Protection Program was designed to help small businesses survive the pandemic, but many in Massachusetts received only a few hundred dollars in aid. Now a new round of funding could help them survive the winter.
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Brooklyn Man Defrauds PPP of $2M, Pockets Money for Bentley Purchase, Feds Say
A Brooklyn man was arrested Monday on charges of defrauding the federal Paycheck Protection Program (PPP) of almost $2 million. Federal prosecutors in Brooklyn charged Leon Miles, 51, of using the money to purchase a 2020 Bentley Continental for $250,000 and a 2020 Cadillac Escalade for $100,000. The PPP is part of the CARES Act passed by Congress in March…
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Massachusetts PPP Loan List: See How Much Each Company Received
Major restaurant groups, commercial contractors and a large dairy maker in Massachusetts were among the biggest beneficiaries of the government’s coronavirus relief program for small businesses, according to new federal records. The Small Business Administration on Wednesday released sweeping data on who benefited from pandemic relief, including more than $521 billion distributed through SBA’s Paycheck Protection Program. Borrowers could...
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Release of PPP Loan Recipients' Data Reveals Troubling Patterns
Sweeping data released by the Small Business Administration on who benefited from pandemic relief programs raises questions about the equitability and distribution of loans intended for small businesses, an initial analysis by NBC News shows. The analysis found that tenants paying rent at properties owned by the Trump Organization as well as the Kushner Companies, owned by the family of Jared...
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House Passes $2.2T Virus Relief Bill
The HEROES Act is expected to die in the Senate, according to Senate Majority Leader Mitch McConnel, R-Ky.
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NFL Player From Florida Charged in $1.2 Million Coronavirus Relief Fraud
A National Football League player from Florida is accused of stealing more than $1.2 million in coronavirus relief funds.
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Tom Brady's Lifestyle Brand Collected at Least $350K in PPP Money
Former New England Patriots quarterback Tom Brady’s performance lifestyle brand recently sought a financial lifeline from the federal government. TB12 Inc. received between $350,000 and $1 million from the Paycheck Protection Program, according to federal data published Monday. It was not disclosed how many jobs would be saved thanks to the money, which was disbursed through Cambridge Savings Bank. The…
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Government Relief Lets Some Workers Make More on Unemployment
Unemployment payments are making it complicated for some Massachusetts business owners calling their employees back to work.