A Dead Accountant, 33 Zombie Businesses, and $2.3 Million in Fraud

Jeremy Jojola and Zack Newman were doing what they normally do as journalists at 9News: Poking around. What they came across though was a $2.3 million PPP loan fraud that could be traced back to a single office suite in Denver. We still don’t know who exactly was behind this fraud, but the bigger question is, how did they pull it off? Turns out, it’s not that hard to take over dormant business licenses in the state of Colorado. So what can the state do to close these loopholes and prevent further fraud? City Cast Denver host Bree Davies sits down with Jeremy and Zack to get the story behind the investigation and talk through the regulatory challenges around this kind of fraud prevention. 

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