California Man Arrested for Using Government’s Covid-19 PPP Loan to Buy Cryptocurrency and Tesla

The U.S. has arrested a man on criminal charges after he allegedly defrauded the government’s Covid-19 loan programs and used the money to buy cryptocurrency and Tesla. Using PPP Loan to Buy Cryptocurrency and Tesla The U.S. Department of Justice (DOJ) announced Friday that Lebnitz Tran was arrested Thursday “on criminal charges related to his … Read more

Renters Threaten US Real Estate Market, 20 Million Americans Face Eviction

The aftermath of the coronavirus-provoked business shutdowns in the United States caused a number of market observers to focus on the U.S. real estate and rental markets. As the federal moratorium on evictions reaches its expiry, a recent Aspen Institute report reveals that 20 million renters or around 20% of 110 million American citizens who … Read more

JPMorgan, Bank of America, Wells Fargo Sued Over Trump’s Paycheck Protection Program

Class action lawsuits have been filed against JPMorgan Chase, Bank of America, Wells Fargo, and U.S. Bank for their alleged unlawful and fraudulent practices in the Paycheck Protection Program. This program is part of President Trump’s $2.2 trillion stimulus package to help small businesses cope with the economic crisis resulting from the covid-19 pandemic. Lawsuits … Read more