The Paycheck Protection Program (PPP), the government loan initiative set up by lawmakers to save businesses amid the economic fallout of the coronavirus pandemic, has been a direct target of potential fraud to the tune of $126 million.
That is according to Calvin Shivers, the assistant director of the FBI's Criminal Investigative Division, who testified Tuesday to the Senate Judiciary Committee that the overall $3 trillion in coronavirus-related funding has been a popular target for potential schemers.