A group of hotels that took, and later returned, tens of millions of dollars in federal virus-bailout money are under investigation.
Two people who lost their jobs because of the pandemic talk about how they're coping as Congress continues negotiations over unemployment benefits.
The Ashford companies were among the biggest recipients of federal money that was intended to help small businesses survive theThe companies disclosed in a regulatory filing this week that they received subpoenas from the Securities and Exchange Commission for transactions that go back long before the pandemic hit. The subpoenas went to Ashford Hospitality Trust, Ashford Inc., and Braemar Hotels & Resorts.
The Ashford companies came under public scrutiny after applying for up to $126 million in forgivable low-interest loans from a federal fund designed to help small businesses survive this year.
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