Biden admin 'deliberately protected' 562K pandemic-era loans in $22.2B suspected fraud scheme: SBA, Vance

The SBA says it referred 562,000 suspected fraudulent pandemic loans totaling over $22.2 billion to the Treasury, accusing ...

SBA Sends 562,000 Suspected Fraudulent Loans to Treasury for Collections Totaling $22 Billion

The SBA has transmitted the borrowers to the DOJ. And with today’s referral, Treasury will begin collecting on the outstanding debt as part of the Trump Administration’s commitment to recouping stolen ...

Michigan man accused of fraudulently receiving over $5.2M in pandemic-era federal relief funds

A Michigan man is facing two charges after a federal agent said in a criminal complaint that he fraudulently received over $5 ...
JD Supra

Client Alert: Heightened Enforcement Risk for Ineligible Recipients of Paycheck Protection Program Loans

The United States Department of Justice (“DOJ”) has intensified civil fraud investigations aimed at borrowers who obtained Paycheck Protection Program (“PPP”) loans despite falling outside the class ...