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the program, according to a Washington Post analysis and interviews with bankers and borrowers." A Post analysis of loan data released last week by the Small Business Administration "shows that many companies are reported to have 'retained' far more workers than they employ. Likewise, in some cases the agency's jobs claim for e
thern California vacation home in exchange for help in landing city contracts. Gifts include a $40,000 tractor." The San Francisco Chronicle (7/14, Fracassa, 2.67M) reports, "Last month, federal officials filed criminal charges against the firm's CEO, Balmore Hernandez a former Public Works employee — f
tors said Wednesday." In April and June he "allegedly submitted fraudulent applications for more than $13 million in forgivable loans guaranteed by the Small Business Administration for COVID-19 relief through the Paycheck Protection Program, according to the U.S. attorney's office in Boston. He lied about his number of employe
llars in PPP loans. Three More San Francisco Departments Subpoenaed In Widening Corruption Probe. EFTA00150128 The San Francisco Chronicle (7/15, Fracassa, 2.67M) reports, "The ongoing federal investigation into corruption at San Francisco City Hall has reached into the City Administrator's Office, the
an size of $107,000. Combined, the aid program supported about 51 million jobs, or roughly 84 percent of all employees working at small businesses, the Small Business Administration said." One company, Redflex Traffic Systems, "has a controversial past: The company's former CEO, Karen Finley, was one of three people sentenced t
int says." Federal Prosecutors Subpoena San Francisco Public Utilities Commission In Widening Corruption Probe. The San Francisco Chronicle (7/10, Fracassa, 2.67M) reports, "Federal officials served the San Francisco Public Utilities Commission with a sweeping subpoena last month, demanding numerous re
Entities connected to both the Small Business Administration and Fracassa

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