The Beginning of a Wave? First Civil Fraud Settlement Against Recipient of PPP Funds
By EsqSocial Corporation 03/02/21
In a sign of things to come, on January 12, 2021, the Department of Justice (DOJ) announced the first civil settlement to resolve fraud claims involving loan recipients under the Paycheck Protection Program (PPP). We noted back in October that over 50 criminal cases related to COVID-19 fraud had been filed, and that the Treasury Department and the Small Business Administration (SBA), in addition to the DOJ, were formulating plans to review potential fraud and abuse of the PPP program and other...
By: Arnall Golden Gregory LLP