PHOENIX — A Scottsdale-based company that processed Paycheck Protection Program loan applications during the pandemic failed to screen out applicants with signs of fraud while abusing the program to enrich its owners, according to a congressional subcommittee.
Local Blueacorn founders include former ABC15 anchor Stephanie Hockridge Reis and her entrepreneur husband Nate Reis.
Yikes. That's disappointing.
More in the article: Scottsdale-based Blueacorn PPP facilitated fraud, per newly released congressional report