![]() ![]() “Most self-employed and 1099 contractors had no idea they could actually qualify for a 100 percent forgivable PPP loan,” one ad said. Now the House Select Subcommittee on the Coronavirus Crisis is asking company executives about how much they made and what they did to try to prevent the possible waste, fraud, and abuse of tax dollars.īlueacorn’s advertisements flooded social media earlier this year. In December 2021, a company spokesperson said Hockridge and Reis no longer had an active role of responsibility in the company.SCOTTSDALE, AZ - A Valley company, which helped gig workers and mom-and-pops get the federal loans to stay in business during the pandemic, is now at the center of a Congressional probe into whether the loans were made to fraudulent or ineligible applicants.īlueacorn was founded in Scottsdale and helped process more than $12 billion in Paycheck Protection Program loans, according to the company. Hockridge worked for ABC15 from 2011 to 2018. When reached by phone last December, Hockridge refused to discuss the company. It’s also making recommendations to the Small Business Administration on how to improve emergency lending to prevent future fraud. The committee forwarded the findings from the 129-page report to the Department of Justice for a possible criminal investigation.
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