How PPP Fell Into The Laps of Scammers Via Ill-Equipped Fintechs

Wherever there is opportunity, there are scammers, and this has proved to be the case with the U.S.’s Paycheck Protection Program (PPP) under the $2 trillion Cares Act offered in April this year. Providing assistance in the form of forgivable loans to small businesses suffering due to the consequence of the pandemic, such as restaurants and beauty salons, this program intended to help keep these businesses afloat until they could operate again...