Kabbage: Kabbage Resolves PPP Fraud Claims For $120 Million

(marketscreener.com) By Ben Glickman Bankrupt small-business loan platform Kabbage agreed to resolve allegations that it improperly approved pandemic-era Paycheck Protection Program loans, officials said Monday. The Justice Department said the government would receive a claim of up to $120 million in bankruptcy proceedings. Officials alleged that...https://www.marketscreener.com/news/latest/Kabbage-Resolves-PPP-Fraud-Claims-For-120-Million--46709577/?utm_medium=RSS&utm_content=20240513