Scammers Go After PPP Loan Recipients 🚨 PPP Loan Scam Alert 🚨 A new scam targeting Paycheck Protection Program (PPP) loan recipients is emerging nationwide. So far, HCSO has had one official report to our agency, but we know scammers work fast and oftentimes go unreported. The scam involved a letter that appeared legitimate including both the HCSO logo and staff names. Fortunately, the recipient trusted their instincts, suspected fraud, and contacted HCSO directly. That was the right move. If
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Scammers Go After PPP Loan Recipients 🚨 PPP Loan Scam Alert 🚨 A new scam targeting Paycheck Protection Program (PPP) loan recipients is emerging nationwide. So far, HCSO has had one official report to our agency, but we know scammers work fast and oftentimes go unreported. The scam involved a letter that appeared legitimate including both the HCSO logo and staff names. Fortunately, the recipient trusted their instincts, suspected fraud, and contacted HCSO directly. That was the right move. If
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Stephanie Hockridge, a co-founder of the PPP loan processing company Blueacorn, has been sentenced to 10 years in prison after being convicted of conspiracy to commit wire fraud in June 2025. | ABC15 Arizona
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Stephanie Hockridge, a co-founder of the PPP loan processing company Blueacorn, has been sentenced to 10 years in prison after being convicted of conspiracy to commit wire fraud in June 2025. | ABC15 Arizona
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Co-founder of Blueacorn, Nathan Reis, has admitted guilt in a conspiracy to defraud the Paycheck Protection Program (PPP), designed to assist small businesses during the pandemic. Reis submitted fraudulent loan applications, falsely representing income and payroll information to secure funds for ineligible businesses. This deception has undermined trust among legitimate small business owners relying on the program for support. Federal authorities emphasize the gravity of such actions, with Reis
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