Shashank Rai, 30, allegedly sought millions of dollars in forgivable loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act from two different banks by claiming to have 250 employees earning wages when, in fact, no employee worked for his alleged business.
The case has been filed electronically in Manhattan's State Supreme Court and the timing is expected to cause a delay in the sale of The Weinstein Company (TWC), which is facing bankruptcy, the New York Times reported.
Launching any venture means confronting the possibility of failure. We examine the strategies three businesses employed in the crucial early years.
The president said the European Union has "failed to take the same precautions" as his administration had implemented to contain the coronavirus outbreak.
Obama said that the country was starting to see a lot of the jobs that had left the shores in manufacturing, for example, now starting to come back, because "we put ourselves in a much more competitive position".
Though chief executive officers from Google, Yahoo and Facebook have declined to attend the summit, the Apple CEO Tim Cook will address the meeting during which he will announce his intent to fold the government's cyber security recommendations into its own cyber strategy.
In her keynote address at the 8th annual Global Entrepreneurship Summit, she said that despite the soaring rate of female entrepreneurs, women still face steep obstacles to starting, owning, and growing their businesses.
'Given the disdain Trump has shown for our community's values and experiences, it is disappointing that a handful of wealthy, conservative donors invited him to address their friends last weekend,' say Mira Patel and Gautam Raghavan.
Civil rights activist Deepa Iyer, former executive director, South Asian Americans Leading Together, a social justice organisation thought after a visit to the minority businesses hit in recent weeks that the tragic story in Ferguson, Missouri, offers Indian Americans an opportunity to stand up and decry police brutality and show sympathy and support for African Americans in the beleaguered city
We need to make start-ups, instead of small businesses, part of the priority sector, says Shubhashis Gangopadhyay.
Incoming US President Donald Trump has assembled a core team that is -- not surprisingly -- overwhelmingly white and male.
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