Defending You Against PPP Loan Fraud Allegations
As COVID-19 spread through the world, it caused devastating impacts not only for public health but for businesses as well. In March 2020, congress passed a $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to provide emergency financial assistance to struggling businesses. One provision was the Paycheck Protection Program (PPP). The federal government has started investigating businesses for PPP loan fraud in response to widespread reports of misuse.
If you are under investigation or the federal government accuses you of PPP loan fraud, it is vital to seek experienced legal representation as soon as possible. At Mandell Law, our Orlando attorneys put decades of experience together to defend clients in Florida and nationwide accused of these crimes. We will aggressively fight to protect your freedom and reputation against fraud allegations.
Protecting Your Business And Your Future
PPP loans helped many businesses stay afloat during the height of the pandemic. The loan was intended for businesses to cover payroll expenses they could not keep up with due to the COVID-19 pandemic. In a rush to help businesses survive, the government distributed the loans with unclear regulations.
Now, many businesses are under investigation for PPP loan fraud. Investigators are finding PPP loan fraud when a business makes false statements on behalf of their loan application, takes out multiple PPP loans from different lenders or when businesses misuse their funds.
Because PPP loans are a federal program, fraud investigations and charges are serious and fall to federal prosecutors and criminal investigators. The potential penalties of conviction include the loss of your professional or business license, significant fines, disqualification from other federal programs and prison time. If you are under investigation, it is crucial that you contact an attorney who understands the complexities of PPP loan fraud cases and knows how to build a strong case in your defense.
Contact An Experienced Fraud Defense Attorney Today
Contact us as soon as you know that you are under investigation for PPP loan fraud. The earlier we get involved, the easier it will be to build a strong case. By intercepting the investigation early on, we can work to prevent charges from being filed. Contact us at 407-349-8021 or send us an email to schedule your confidential consultation.