Nashville PPP Loan Fraud Attorney
The Department of Justice (DOJ) is cracking down on Payroll Protection Program (PPP) loan fraud. Pursuant to the Coronavirus Aid, Recovery and Economic Security Act (“CARES Act”) small businesses were eligible to apply for financial relief for their business through federally-backed loans administered through the Small Business Administration (SBA) ranging from $10,000 to over $1 million. The loans could be completely forgiven presuming the proceeds were used for eligible purposes. However, the PPP loan application and forgiveness certification processes are now the target of federal investigatory scrutiny by the FBI, DOJ, IRS and Secret Service. Many people targeted by PPP loan fraud audits and investigations did nothing wrong. Others were trapped regulations that changed after the loans were funded, making it impossible for them to comply.
Contact A Nashville Federal Criminal Defense Attorney
If you have been targeted by a PPP fraud investigation, it is vital that you retain an experienced federal criminal defense practitioner who can assert your rights and protect you from overly aggressive prosecution. To talk to an attorney about your case, contact Hodde & Associates today at 615-242-4200.