During the earlier times, a small business-based company released a list of PPP loans, through which internet investigators extracted the data to know whether these activities have fraud in them or not. Basically, they were trying to catch the fraudsters related to loan extraction.
So for this purpose, there is a website called pppdetective com which helps to identify fraudulent activity in any form of PPP loans. But there’s one question that comes to the mind of many people. Is it safe to use this website or is this website legit? It might be another scam. Let’s find out.
What Actually Is PPP?
Source: Funzalo.com
Before going to the details of the website, let us get the basic knowledge of the PPP system so that we can better understand the function of the website. PPP, or the ‘Paycheck Protection Program’ is a great step taken by the government of the US in 2020. during the great pandemic.
The sole purpose of this ppp detective program was to assist or help the self-employed individuals, primarily the non-profit organizations or small companies, so that they can pay their employees with ease as they normally do. It basically gives low-cost loans to the people who qualify, with little interest so that they can run their business smoothly.
pppdetective com__Introduction
Formation of site
Have you ever heard of pppdetective com? There was a strong reason that this website was created. According to some of the reports, Brian Hamacheck is the founder and the operator of the site. He started this website when he saw the list of PPP loans in the city he lives in.
After analyzing the list with keen perception, Brian noticed that there was something fishy going with the loan system. He assessed that people or companies were using this loan system to swindle their employee counts. And one of the most shocking points was that some of the mentioned companies didn’t even exist.
Function of site
Now a question arises what’s the function of this website? Basically, according to the reports from the news coverage of ppp detective site, Brian added that through this site, you can clearly see the fraudulent activity going around your area related to PPP loans. And then you can report any fraud to the nearest report station.
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Is pppdetective com A Legit Site?
There are many facts and figures about pppdetective com, but as the site is very new and it’s hardly 6 months old, you can’t say anything about its credibility. Still, most people are unsatisfied with the service and think that it is a scam. According to some reports, it has a trust rating of only 2%. But there are also some people who believe that it is a trustable site.
You can argue about the credibility of a site but until and unless you haven’t proved it, you cannot take a stand on it. It is because people might think that you are right and then they will start using it. What if it actually is a scam and using it is illegal? So you will be the basis of someone’s loss which is not ethically or socially good.
According to many trustable sources, pppdetective com is a total scam and it highly deceives its user.
Is It Safe To Use This Site?
Nothing is sure about safety, but the main thing is that you can’t take any risk on your personal or social safety. It’s better to not provide your address and personal information to such fraud sites. It is because you never know what’s coming ahead. So, it’s better to take safety precautions and avoid such scams.
Instead of following such sites, it’s better to report them to online reporting stations so that they take strict action and better analyze the credibility of the site for safety means
Conclusion
There was a time when frauds and scams were only confined to the physical world. But now things have changed drastically. There are dozens of ways to fraud, someone, online. Whether it is related to business, shopping, gaming or loan analysis, scammers are everywhere.
In the same manner, there are proper scam websites that are there for one sole purpose, and that is to reach your personal data and then use it for the wrong purposes. pppdetective com is considered an illegal site by many sources and it’s better to avoid such untrustworthy sites.
If you want to analyze PPP loans and frauds in them, there are many trustable ways to do that and there is no need to go to such sites for it. One should give priority to his personal safety over nearly everything and that’s the rule. This article covered nearly everything about the credibility of ppp detective site. Hope you got the answer to your question. See you next time.
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