DOJ Exercised Leniency With a Borrower Who Self-Disclosed His Error on His PPP Loan Application
By EsqSocial Corporation 05/02/21
Recently, the U.S. Attorney’s Office for the Eastern District of California settled a Paycheck Protection Program (“PPP”) fraud investigation with Slidebelts, Inc. and its owner Brigham Taylor not by arresting Mr. Taylor, but by requiring him to pay a $100,000 civil penalty payment pursuant to the FIRREA civil penalty provision, 12 U.S.C. Section 1833a, and the False Claims Act, 31 U.S.C. Section 3729 et. seq. The FIRREA civil penalty statute, 12 U.S.C. Section 1833a, permits DOJ to civilly...
By: Foley & Lardner LLP