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What to do if you face PPP fraud allegations

On Behalf of | Aug 5, 2022 | Criminal Law

As a business owner, recent world events may have impacted your ability to cover certain expenses, such as payroll, for a short period of time. Due to this, your operation may have obtained funds from the Paycheck Protection Program.

According to the U.S. Treasury, this program provides businesses with funding to cover up to eight weeks of payroll expenses or other approved business expenses, such as utilities, mortgages and rent. If your business faces allegations for misusing the funds disbursed through the PPP, there are certain steps you should take.

Adhere to investigative deadlines

There may be investigative deadlines you must meet if you face allegations of PPP fraud. Do not lapse on any of these deadlines and remain vigilant about proceeding with the government’s requests to investigate your business.

Conduct an independent audit

While the government will likely conduct their own audit of your business, after you learn of their allegations, conduct your own investigation into your business operations. This may provide you with greater insight into exactly how your operations used the funds from the PPP.

Prepare a defense strategy

The FBI, U.S. Small Business Administration or the IRS may conduct the investigation into your business. Find out which organization will conduct your investigation and use this information to form your defense.

When dealing with allegations of PPP fraud, your business’ future and interests could be at risk. It is beneficial to partner with an attorney at this time to protect your business and its interests in light of this investigation.


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