The principal purpose of the Paycheck Protection Program is to keep U.S. workers employed and their salaries intact, which means firing employees or cutting salaries is contrary to the policy underlying the PPP loan program. In order to receive a PPP loan or qualify for loan forgiveness, you must either retain your workforce and
PPP loan fraud is any attempt to defraud the Paycheck Protection Program. There are three main ways to commit PPP loan fraud: By misrepresenting information on your loan application in order to fraudulently obtain PPP funds, By misusing PPP loan funds (i.e. using the funds for unauthorized purposes), or By fraudulently requesting forgiveness of
U.S. Attorneys have been directed to prioritize the investigation and prosecution of criminal offenses related to the coronavirus pandemic and the federal government is doing just that by cracking down on any attempt to use COVID-19 as an opportunity to defraud the Paycheck Protection Program. Since May 5, the Department of Justice has already