![]() Bank statement verification empowers lenders to reduce this common type of fraud and protect themselves and their customers from the resulting losses. ![]() Criminals use them to fraudulently obtain loans in their victims’ names, sometimes emptying their bank accounts. Unfortunately, nearly $100B was lost to bad actors who claimed to run small, cash-strapped businesses but really just provided a fake bank statement for PPP loan benefits.Ī common thread emerges in such situations: fraudsters capitalize on the crisis to steal money using bogus documents (making fake bank statements online is easy these days). Congress' pandemic-relief measures was to allow forgivable loans through the Paycheck Protection Program (PPP). Reports of people using fake bank statements to fraudulently obtain loans are rife.ĭuring the global COVID-19 crisis, one of the U.S.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |