As the government revives its Paycheck Protection Program (PPP) with hundreds of billions of dollars in additional loans available to small businesses, there are fresh signs that government fraud investigations and...more
2/8/2021
/ Borrowers ,
Compliance ,
Coronavirus/COVID-19 ,
Corporate Misconduct ,
Department of Justice (DOJ) ,
Eligibility ,
False Claims Act (FCA) ,
FIRREA ,
Fraud ,
Internal Investigations ,
Memorandum of Understanding ,
Paycheck Protection Program (PPP) ,
Risk Factors ,
Safe Harbors ,
SBA ,
Settlement Agreements ,
Whistleblowers
On May 15, 2020, the Small Business Administration (SBA) released an application for loan forgiveness under the Paycheck Protection Program (PPP). A copy of the forgiveness application can be found here. Businesses that...more
Borrowers that, together with their affiliates, received Paycheck Protection Program (PPP) loans in an aggregate amount less than $2 million will be deemed to have made their certification that the loan was “necessary” in...more