Paycheck Protection Program: Designed to Fail

Advisor(s)

Dr. Joseph Dule

Confirmation

1

Document Type

Paper

Location

ONU McIntosh Center; McIntosh Activities Room

Start Date

18-4-2023 2:15 PM

End Date

18-4-2023 4:00 PM

Abstract

This is a policy analysis regarding the fraud prevention procedures conducted during the distribution of funds within the Paycheck Protection Program. Within this analysis, this paper focuses on the preparation of the Small Business Administration for the distribution of these funds using banks to small businesses with the use of Inspector General reports. Furthermore, I analyze the results between FinTech lending and traditional banking when it came to the detection of suspicious behavior during the application process to receive these loans through conducted research. Additionally, this paper will be discussing the lack of action within these policies regarding fraud prevention and how this affects the following regarding prosecution of fraud. Finally, it will discuss the implications of this program for future financial relief programs, and how it may impact the criminal justice system.

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Apr 18th, 2:15 PM Apr 18th, 4:00 PM

Paycheck Protection Program: Designed to Fail

ONU McIntosh Center; McIntosh Activities Room

This is a policy analysis regarding the fraud prevention procedures conducted during the distribution of funds within the Paycheck Protection Program. Within this analysis, this paper focuses on the preparation of the Small Business Administration for the distribution of these funds using banks to small businesses with the use of Inspector General reports. Furthermore, I analyze the results between FinTech lending and traditional banking when it came to the detection of suspicious behavior during the application process to receive these loans through conducted research. Additionally, this paper will be discussing the lack of action within these policies regarding fraud prevention and how this affects the following regarding prosecution of fraud. Finally, it will discuss the implications of this program for future financial relief programs, and how it may impact the criminal justice system.