Holly Drumheller Butler
How The Gov't Is Cracking Down On PPP Fraud
The U.S. Department of Justice is scrutinizing borrowers who have fraudulently applied for loans through the U.S. Small Business Administration's Paycheck Protection Program, established by the Coronavirus Aid, Relief, and Economic Security Act. In the past six weeks alone, the DOJ filed charges in eight separate cases against defendants accused of fraud in connection with the PPP loans.
The number of such charges continues to grow, demonstrating the government's strong intent both to claw back any loan proceeds that were obtained based on fraud. Assistant Attorney General Brian A. Benczkowski of the DOJ's Criminal Division emphasized this point when stating that "[t]he department and our law enforcement partners will remain vigilant in our efforts to protect critical CARES Act relief programs from fraud and abuse."
Click here to read the full article written by Holly Drumheller Butler for Law360.
