Americans lost $77 million to Covid-19 fraud — and that's just the 'tip of the iceberg'
Americans have lost about $77 million to fraud during the coronavirus crisis, according to the Federal Trade Commission. That's likely a vast undercount.
Americans have lost about $77 million to fraud during the coronavirus crisis, according to the Federal Trade Commission. That's likely a vast undercount.
Financial advisor Ivory Johnson, founder of Delancey Wealth Management and a member of the CNBC FA Council, writes this was all bound to happen sooner or later, and that any good thief will steal from anyone he can get his hands on, if he can get away with it time and time again.
These mortgages, which proliferated leading up to the financial crisis of 2008-2009, generally come with stricter standards than in the past. Nevertheless, they still come with risk for the buyer.
The Paycheck Protection Program was set up as part of the CARES Act relief law to help companies retain employees during coronavirus lockdowns.
For many businesses, the government's PPP loans offered terms that were too good to pass up. That includes many wealth management firms across the country, according to government data. But whether those firms should have taken those loans is the subject of controversy.
Restaurants were among the biggest recipients of the Paycheck Protection Program, a key component of the government's response to the economic impact of the coronavirus pandemic.
The Luckin Coffee fraud scandal was a "great morality tale" for markets, and more needs to be done to protect American investors from such cases, said an analyst, who called a bill to delist Chinese companies in the U.S. essentially toothless.
Many companies need to reimagine their sales efforts amid the pandemic.
Low rates have many Americans looking to refinance, yet several factors should be taken into consideration before you sign on the dotted line.
The coronavirus crisis comes at a bad time for older workers who are getting ready to retire soon. New research takes a look at how well these people can work from home or find new employment if they need to. Results are mixed.
The Paycheck Protection Program was set up as part of the CARES Act relief law to help companies retain employees during coronavirus lockdowns.
An overlooked provision in the CARES Act offers gig workers and freelancers a $1,000 grant. Here's how to apply.
Private jet companies say the grants helped them retain their employees during the pandemic and support countless other jobs and contractors that depend on private aviation.
Companies have returned or canceled more than $30 billion in loans approved through the PPP.