Going After Paycheck Protection Program Fraud

    With all of the problems that the newly created Paycheck Protection Program (PPP) has faced, you can add large amounts of fraud to the list. After the first round of payments, the Department of Justice began to investigate and prosecute fraudulent claims regarding businesses that did not exist, or fictional employees.

      In these cases, individuals were able to create documentation that allowed them to receive loans. However, state agencies told investigators about the lack of actual Payroll records to prove that these businesses were active. These criminals are quickly being caught and charged with counts of Bank Fraud among other counts. While it may be tempting, in the end it never pays to cheat and steal. You always end up paying back a lot more.

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