Topic
PPP Loans
274 published works
The Right Coast
‘Biggest fraud in a generation’: The looting of the Covid relief program known as PPP
They bought Lamborghinis, Ferraris and Bentleys.And Teslas, of course. Lots of Teslas.mps._execAd("boxinline");Many who participated in what prosecutors are calling the largest fraud in U.S. history the theft of hundreds of…
Consumer Finance Monitor
PPP enforcement turns to lenders
As we approach the two-year anniversary of the passage of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), the scope and costs of fraud in connection with its…
Tax Controversy Report
Lenders Are Newest Justice Department Targets for Paycheck Protection Program Fraud
By Marissa Koblitz Kingman and Matthew D. Lee With the arrest of the CEO of a New Jersey non-bank lender, the U.S. Department of Justice appears to have entered a…
Rivkin Rounds
NY Ophthalmologist Gets 8-Year Jail Term for Multiple Frauds
By Eric Fader
The U.S. Department of Justice (DOJ) announced on March 3 that Ameet Goyal, M.D., a Westchester-based ophthalmologist, was sentenced to 96 months in prison for falsely billing for millions of dollars…
Milikowsky Tax Law Blog
How to Appeal an SBA PPP Loan Forgiveness Denial
The U.S. Small Business Administration (SBA) is currently going through loan forgiveness applications to approve or deny claims. Businesses that filed for a PPP loan during the COVID-19 pandemic and…
Southwest Florida Business and IP Blog
How does receiving a PPP Loan impact filing my company’s taxes?
Welcome to 2022 tax season! As the vast majority of businesses, small and large, were affected by the COVID-19 pandemic, many companies received support through the Paycheck Protection Program. However,…
Franchise Law Update
It’s Right to Be Concerned about Making Sure PPP Funds Were Used Properly (The DOJ Is Looking for Bank Fraud)
Contributed by Marissa Koblitz Kingman The U.S. Department of Justice has recently begun charging defendants with bank fraud in relation to Paycheck Protection Program loans as part of its continuing…
Tax Controversy Report
Bank Fraud Involving PPP Loans Could Lead to Prison Time, Even for Relatively Small Advances
By Marissa Koblitz Kingman The U.S. Department of Justice has recently begun charging defendants with bank fraud in relation to Paycheck Protection Program loans as part of its continuing efforts…
CEO Law Review
Where Would Your Business Be Without the PPP?
By Chelsey Gilinsky, Aaron Adams And Jeana Goosmann
Since its enactment, the PPP has been a necessary lifeline for many businesses. By providing emergent cash flow, the PPP allowed businesses to retain their workforce and ultimately keep their…
Government Contracts Legal Forum
SBA To No Longer Rely on Economic Necessity Questionnaires in Processing PPP Forgiveness Applications
By Olivia Lynch, Amy Laderberg O'Sullivan, Michael Samuels, Dan Wolff
On July 29, 2021, the Small Business Administration announced in an FAQ that it is discontinuing any reliance on the Loan Necessity Questionnaires, which the SBA had required of each borrower, that…