Dramatic Rise In Criminal Cases Relating to Paycheck Protection ("PPP") Program:
In response to concerns about fraudulent applications related to the Paycheck Protection Program, the Department of Justice has launched an extensive federal investigation aimed at rooting out loan fraud and bringing criminal charges against those suspected of defrauding the PPP.
In a matter of weeks after the launch of the federal loan program, the DOJ brought the first PPP fraud charges against two businessmen from Rhode Island who allegedly filed bank loan applications fraudulently seeking more than half a million dollars in forgivable PPP loans.
Since then, more than a dozen individuals across the country have been arrested and charged with fraudulently seeking Paycheck Protection Program loans. Scrutiny of PPP loans is high already, but it is expected to intensify in the coming months. If you obtained a PPP loan and you think you may face an audit or investigation, do not wait to be contacted by federal agents. Our legal experts at PPP Attorney are committed to protecting your rights and best interests, and the sooner you contact our firm, the sooner we can get to work on your case.
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