PPP Loan Fraud Enforcement 2.0: Preparing For The Next Round Of Scrutiny
By EsqSocial Corporation 20/10/20
While the $525 billion Paycheck Protection Program (PPP), enacted as part of the CARES Act, has undoubtedly helped millions of deserving businesses survive the COVID-19 pandemic, it has also provided a unique opportunity for fraudsters to take advantage of the government’s unprecedented largesse. The Justice Department has already filed charges against dozens of borrowers alleging PPP loan fraud, but federal authorities are preparing to cast a wider net that will dramatically expand the number...
By: Fox Rothschild LLP