The Paycheck Protection Program was aimed at helping businesses keep their workforce employed during the COVID‐19 crisis. Unfortunately, the SBA guidelines are vague and confusing and have led to many unintended and criminal consequences. Since the PPP began, Fraud Section attorneys have prosecuted more than 100 defendants in more than 70 criminal cases and have seized more than $65 million in cash and luxury items. It is estimated that at least 15% of all PPP loans could be fraudulent.
Trial lawyer Meredith Auten discusses:
- The track record for the PPP
- Risks Associated with Any PPP Loan
- PPP Loans Certification Requirements
- PPP Loan Forgiveness Risks
- Enforcement & Public Relations Risks
- Investigations and Enforcement
Recorded on Day Two of the Business Law Institute in November 2021.