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Published 1 year ago

Scottsdale-based Blueacorn PPP facilitated fraud, per newly released congressional report

Summary by Ground News
Blueacorn PPP helped process more than $12 billion in PPP loans, according to the company. Blueacorn received over $1 billion in taxpayer-funded processing fees. It transferred nearly $300 million in profits to its owners while only spending $8.6 million on fraud prevention.

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