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Crackdown on PPP Fraud Is Precursor to More Charges and Investigations

Defense lawyers say they are getting calls from PPP loan recipients who have been contacted by investigators or fear they may face charges.

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Stock illustration: businessman under scrutiny

Investigations of possible fraud in the federal Paycheck Protection Program (PPP) are prompting some loan recipients to seek legal counsel, lawyers say.

Some of those cases involve clear-cut allegations of fraud, along the lines of the New Jersey lawyer charged earlier this month with fraudulently obtaining $9 million in PPP loans. But many investigations appear to focus on the more nebulous issue of whether the businesses really needed the money.

Defense lawyers say they are getting calls from PPP loan recipients who have been contacted by investigators, or who fear they may face charges in connection with the aid program.

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Governance/Regulation & Compliance

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