-- Amid growing concern over widespread PPP fraud, IsThisFraud.com has launched as a public accountability platform, giving people access to a searchable database of 11+ million PPP loans and the ability to flag suspected misuse directly.
Over $800 billion was disbursed through the federal Paycheck Protection Program (PPP) during the COVID-19 pandemic, making the scale of relief unprecedented. However, this also increased the potential for abuse. From the over 11 million loans approved and 968,524 organizations approved, 70K+ loans have been flagged, and $76 billion is suspected of having ended up in the hands of fraudsters. Now, as fraud investigations and federal prosecutions intensify, IsThisFraud.com is shifting the power to the public by offering everyday Americans a powerful citizen-led fraud detection tool.
IsThisFraud.com is on a mission to empower citizens to become digital investigators. The searchable platform opens up SBA PPP records and other government data for full public review. Using crowdsourced scrutiny, IsThisFraud.com identifies potentially fraudulent loans and provides a blueprint for oversight as the country doubles down on its accountability efforts.
“We are on a mission to bring transparency and accountability to PPP loan distribution,” said IsThisFraud.com’s Spokesperson. “We believe that every citizen has the right and ability to spot patterns that don’t add up. Together, we are ensuring that COVID relief reached those in need – not opportunistic fraudsters.”
Even with the U.S. Small Business Administration (SBA) and FOIA making PPP data publicly available, navigating the data requires expertise. IsThisFraud.com simplifies the process, turning the complex PPP loan recipient’s database into an intuitive searchable platform. Users on the platform are able to research, flag, expose potential fraud, and reclaim taxpayer dollars by diving into the data and questioning any anomalies.
At the heart of IsThisFraud.com is a simple idea – transparency leads to trust. By transforming government data into actionable public oversight, the citizen-led fraud detection platform is making PPP fraud detection a collective mission, not just a job left to government investigators. The platform’s layout is designed with everyday users in mind. Its easy-to-use user interface makes it easy for users to flag loans in real-time, review flagged loans, explore loan records, and comment on cases. IsThisFraud.com’s Spokesperson highlighted the building blocks of the crowdsourced platform as transparency, accountability, and simplicity.
“We believe transparency and accountability start with you,” added the Spokesperson. “That is why we have built a simple, intuitive platform that not only gives Americans access, but also gives them a say.”
Speaking about the timing of the launch of IsThisFraud.com, the Spokesperson explained that the searchable platform comes at a time when Americans need oversight systems that deliver. Since the legacy of the COVID relief program is still unfolding and new federal programs continue to be unveiled, IsThisFraud.com’s launch emphasizes the need for transparency and accountability. The searchable platform offers a framework for aligning public accountability with government spending.
Since its launch, IsThisFraud.com has attracted thousands of users who have explored, investigated, and submitted flags on questionable PPP loan recipients. The platform displays an alphabetical list of PPP loans that have been flagged due to potential misuse or fraud. These cases are investigated by government agencies, journalists, investigators, and may result in further legal action or loan recovery.
As federal relief programs continue to evolve, IsThisFraud.com continues to highlight the importance of public involvement. The platform, which emphasizes civic engagement and accountability, proves that offering curious citizens access leads to meaningful oversight.
“We are modeling forward, ensuring that all future PPP loans can be monitored in real time while promoting civic engagement. We believe platforms like ours will help shift the power from institutions to individuals,” concluded the Spokesperson.
The future of transparency and accountability is crowd-powered. Visit IsThisFraud.com to learn more about the platform and how it is shaping this future.
About IsThisFraud.com:
IsThisFraud.com is a citizen-led fraud detection platform that makes PPP loan data searchable and actionable. The crowdsourced platform serves as a bridge between government transparency, accountability, and civic engagement and empowers users to directly participate in protecting taxpayer funds. To ensure transparency, the platform uses data sourced from SBA and FOIA records.
Contact Info:
Name: Alex Shapiro
Email: Send Email
Organization: IsThisFraud.com
Phone: 863-323-2701
Website: https://www.isthisfraud.com/
Release ID: 89162274
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