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Man Pleads Guilty to $1.65M Fraud in COVID-19 Loan Scandal

A recent case underscores significant risks for small business owners navigating pandemic relief programs, as a Missouri City resident admitted to a substantial fraud scheme targeting both the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program. The case serves as a stark reminder of the essential need for vigilance in applying for assistance amidst the complexities of economic recovery. Shawn Nicholas Young, 4…
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Small Business Trends broke the news in on Saturday, July 26, 2025.
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