: Twenty-two defendants were charged in an $11. Seems like a lot of cash for a thrifty 10-person calling center operation run out of employees homes. A judge has ordered SBA to release detailed PPP loan data. While the PPP loan program was designed to provide financial assistance to individuals and. By Lauren Ohnesorge – Senior Staff Writer, Triangle Business Journal May 26, 2023First-ever False Claims Act settlement received from Paycheck Protection Program lender. The Paycheck Protection Program (PPP) was initially created as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which was passed on March 27, 2020. In May 2022, the US Department of Justice (US DOJ) filed its first civil complaint for Payroll Protection Program (PPP) fraud under the federal False Claims Act (FCA) in a Florida federal court. jsobh@andersonkill. The Facts of the Case: First PPP Loan False Claims Act Settlement. Unit 105. org Payscales GS - General Schedule Payscale; FWS - Federal. Food stamp fraud can carry harsh penalties. Don’t go it alone if accused of pandemic loan fraud in Detroit. Our Pittsburgh criminal lawyers are very experienced in federal law and can help you. Listen to this article 4 min. Collectively these defendants sought to defraud the. 1 million from the Paycheck Protection Program (“PPP”). Some defendants allegedly applied multiple times for relief funding and some allegedly spent the funding. Here are six of the biggest bombshells and memorable scenes from the documentary: Alleged PPP loan fraud. When it comes to the law - and legal battles, second place is not an option. 6 million — less than 1% of the fees it received for its PPP work — on its fraud prevention program. @ killadmilla / via Instagram. The SBA made about $11. PPP fraud spread like wildfire throughout the country during the COVID-19 pandemic, and this initial False Claims Act settlement. Frost Brown Todd can assist. Call (937) 356-3969 to schedule a free consultation today with Joslyn Law Firm. government. The U. On September 11, 2020, NFL player Josh Bellamy was charged by federal prosecutors with fraud pertaining to claims he had made in pursuit of a PPP loan. § 1001, making false statements to federal agents carries fines of up to $250,000 (for individuals) or $500,000 (for corporations) and up to five years of federal imprisonment. BATON ROUGE, La. Fraud Section attorneys have prosecuted more than 100 defendants in more than 70. “Within days,” claim the federal prosecutors, he “allegedly used more than $1. Philadelphia PPP – SBA – EIDL Loan Fraud Lawyers The COVID-19 pandemic led to unprecedented government assistance for small businesses in Philadelphia and nationwide. Curtis Porch, 48, and Dereen Porch, 43, both of Columbus, GA, were. Presently, the SBA’s Office of Inspector General has already rolled out 11 reports documenting extensive fraud and misuse in the PPP loan program, with tens of cases transferred to the. Allegations of PPP fraud have begun to creep into the legal landscape in the United States. If you are the victim of a scam and need help, please use the consumer complaint form. S. Crosby, 32, of Wellford, South Carolina, was sentenced to three years, ten months in prison to be followed by three years supervised release, and order to pay restitution in the amount of $897,172. The federal courthouse in downtown Wichita. According to the Justice Department, Fraud Section attorneys have prosecuted more than 100 defendants in over 70 criminal cases since the CARES Act was passed March 29, 2020. Attorney Jonathan Bailyn had recommended the 3 ½ year sentence. COLUMBUS, Ohio – Two Central Ohio women are charged federally with crimes related to fraudulently receiving more than $2. Last Updated September 26, 2022. The SBA decided in April 2022 to formally end collections on all loans below $100,000 — with about 59,000 PPP loans SBA had purchased from lenders falling into that category as of June 30. Jaidah Jones is also charged with PPP fraud. S. Based on Rabbitt’s false and fraudulent certifications and documents, the SBA paid more than $2 million dollars to lenders in connection with the fraudulent PPP loans Rabbitt obtained. FYI, yes you can receive a payout for information. To date, a total of twenty-three individuals have been charged in. Click on a company's name to see additional loan details. Nick Oberheiden is nationally recognized with his knowledge of PPP loan laws and has been seen on Forbes, CNBC and Fox Business. Small Business Administration’s Paycheck Protection Program (PPP). It was Geronimo’s PPP loan for. The government alleged that the business owner falsely certified to the Small Business Administration (SBA) that he would not receive more than. S. Our firm has helped dozens of people resolve PPP fraud. There are a total of 553318 businesses in Georgia that have received at least $150k in forgivable PPP loans from the SBA in 2020. A chiropractor who owned Wichita's Titan Medical Center pleaded guilty in federal court to money laundering in connection with the Paycheck Protection. Contact the Law Office of Nayib Hassan today at (305) 403-7323 to schedule a confidential consultation about your case. Harrescia Hopkins, a correctional officer employed at the U. Meanwhile, about 1. “The work being done by our prosecutors, trial attorneys, agents and partners on our COVID-19 Fraud Enforcement Task Force has been extraordinary. Columbus man charged in narcotics conspiracy also accused of forcing addicts into prostitution through violence (USAO SD-OH. 23. S. Do you qualify for 50% refundable tax credit? ERC program under the CARES Act encourages businesses to keep employees on their payroll. Do you qualify for 50% refundable tax credit? ERC program under the CARES Act encourages businesses to keep employees. COLUMBUS, Ohio — A former state unemployment office worker and a Columbus-area daycare owner, working both together and separately, arranged for nearly $6. 2 trillion CARES Act, the PPP provides U. False Claims Act Case Tracker for Paycheck Protection Program Fraud. Anthony C. fraud-related cases. We have impressive results. Attorneys at Koffel Brininger Nesbitt discuss how they can provide defense. Top Rated Lawyers Nationwide Who Win Over 50 Years of Legal Experience On Your Team. , disclosed last year that it was under DOJ. ”. The owners of three purported Georgia-based trucking companies are facing wire fraud and theft of government property charges after federal prosecutors claim the couple set up shell companies to obtain $364,200 in funds through the U. WBNS Columbus. Map. If you’re facing PPP fraud charges, our defense attorneys at Koffel Brininger Nesbitt are here to fight for your legal rights. Begin Your Defense Today: (614) 444-1900. Penitentiary in Atlanta, Georgia, has been arraigned on federal charges of wire fraud for fraudulently obtaining two Paycheck Protection Program (PPP) loans. Under 18 U. (662) 328-1224 | [email protected] bottom line is that an experienced PPP fraud lawyer gives you the best chance of avoiding the most catastrophic outcomes here – like years behind bars or financial ruin for your business. Attorney Bridget M. May 19, 2022 — Darrell Thomas has been sentenced after pleading guilty to conspiracy to commit bank fraud and wire fraud and to money laundering for masterminding a scheme to obtain 14 fraudulent loans totaling approximately $11. On March 29, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. It was created. 00: HR LAW PA: WINTER. Anthony C. Carl Delano Torjagbo, a/k/a Karl Lucius Delano, has been arrested on federal bank fraud and money laundering charges arising from a scheme to defraud a bank by obtaining a $9. From our perspective, most of these cases could be prosecuted under either statute because under 18 U. One such online lender, Kabbage Inc. Freeman is a go-to white-collar boutique for companies, executives, and healthcare professionals facing sensitive healthcare fraud investigations, prosecutions, and related litigation. CARES Act Fraud Tracker. 6 million Covid EIDL loans, under which small. In the aftermath of a Bloomberg Businessweek analysis in October 2020 finding financial technology companies handled 75% of the approved PPP loans connected to fraud by DOJ, a fintech crackdown has been expected, but is still awaiting resolutions. ” The Justice Department said law enforcement. Free consult. He got over $500,000 in PPP and EIDL loans. The Paycheck Protection Program (PPP) offered a lifeline to small businesses during COVID-19. Jun 17, 2022 —. It’s critical if you are facing PPP loan fraud charges, you speak to our attorneys. Meanwhile, about 1. The COVID-19 crisis has led to an economic recession, forcing many companies to look for aid. There are a total of 351991 businesses in Ohio that have received at least $150k in forgivable PPP loans from the SBA in 2020. SOBH is an attorney in Anderson Kill 's New York office. Don’t risk your savings, reputation, and freedom. Speak to our PPP loan fraud attorneys for a risk free consultation. C. COMMENTARY. The federal courthouse in downtown Wichita. Contact the Neal Davis Law Firm for a confidential legal consultation on your Texas PPP fraud case. Since the inception of the CARES Act, the Fraud Section has prosecuted over 150 defendants in more than 95 criminal cases and has seized over $75 million in cash proceeds derived from fraudulently obtained PPP funds, as well as. 6 million Covid EIDL loans, under which small. Depending on the circumstances, potential penalties can range from civil fines and loan repayment all the way up to criminal prosecution: Civil False Claims Act – Treble damages plus fines of $11,665 to $23,331 per false claim. 11/8/2023. It is important to note that you may also face significant criminal penalties if it is determined you were not eligible to receive the PPP loan in the first place. Since the PPP began, Fraud Section attorneys have prosecuted more than 100 defendants in more than 70 criminal cases. The Department of Justice reported last September that it has criminally prosecuted 1,500 defendants for more than $1. PPP Fraud Lawyer In Columbus. Attorney Todd Spodek is a former prosecutor with over 20 years of experience and an. Attorney Brian Joslyn defends those who have been accused of white collar crimes such as fraud. The criminal complaint alleges that defendant Johnson has submitted. Our PPP Audits and Appeals team of attorneys concentrate their practices in finance, government investigations, tax controversies, and white-collar. 2 billion in PPP loans across several rounds in 2020 and 2021 — a total of about $790 billion disbursed. For defendants facing PPP fraud charges, avoiding prison time requires an experienced federal criminal defense lawyer. That’s why Congress signed the Coronavirus Aid, Relief, and Economic Security Act into law in March 2020. COLUMBUS, Ohio (WCMH) — A Columbus woman has been ordered to pay a fine of $250,000 for committing COVID-19 relief fraud. 5 million in Paycheck Protection Program loans. S. by: Ronald G. While the PPP loan program was designed to provide financial assistance to individuals and. Do you qualify for 50%. 2 central Ohio women federally charged for $2. Speak with Dr. irs. The Illinois Office of Executive Inspector General has taken action against 177 state employees by referring them to law enforcement agencies, accusing them of obtaining Paycheck Protection Program loans fraudulently. On May 13, 2020, a business owner in Texas who fraudulently received federal funds of $10 Million to pay 250 employees was investigated and found to have no employees. 8 million in federal COVID-relief funds, some of which was spent on liposuction, purchase and renovation of a. If you’re accused of PPP loan fraud, it’s likely the DOJ might get involved. 5 million from his Columbus, Ohio, employer, according to a Wednesday news release. (WAFB) - The Paycheck. Except for the $1. In summary, PPP fraud ranges from $78 billion on the low end to over $100 billion on the high end, making it a staggering fraud epidemic. COLUMBUS, Ohio — A Franklin. 1 million PPP loan fraud scheme orchestrated by Duluth, Georgia resident Darrell Thomas. Attorneys for Alabama PPP Loan Fraud CARES Act Whistleblower Lawyers Serving Clients in Alabama. Code 18 U. S. Earlier this year, Sherry Joseph of New York, New York, was sentenced to 45 months in prison for her role in a fraudulent loan scheme that attempted to nab more than $9. The U. How to Defend Against PPP Loan Fraud Allegations. Call DiCello Levitt at (877) 659-1294 for a free, confidential consultation today– after all, the longer you wait to report, the less likely you will be to get a reward. CARES Act Fraud Tracker. Oberheiden today for a. Contact: newsroom@ci. It can also lead to an investigation by the Small Business Administration (SBA) and criminal charges. To contact a criminal defense attorney, call us at (614) 500-3836 or email us via [email protected] million in PPP loan fraud; Judge denies release of first juvenile in Franklin County charged for using Glock switch; Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Justice Department’s National Center for Disaster Fraud (NCDF) Hotline at 866-720. Listen to this article 2 min. 50 to resolve allegations it improperly processed a Paycheck Protection Program (PPP) loan on behalf of an ineligible customer, announced U. S. : Twenty-two defendants were charged in an $11. An attorney could work to determine if a violation has occurred, to identify the correct way to blow the whistle, and to push for an appropriate reward through a writ of ‘Qui Tam. Geo resource failed to load. Non-citizens convicted of PPP loan fraud could be deported. On March 29, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. Wire fraud is punishable by up to 30 years in prison. It was implemented to help small businesses retain employees and. Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Justice Department’s National Center for Disaster Fraud (NCDF) Hotline at 866-720. If you do not wish to submit a phone number, write "000-000-0000. June 22, 2022 — United States Attorney Jacqueline C. 9 million. Grand jury indicts 6 for alleged COVID-19 pandemic relief fraud. U. Experience matters when dealing with these cases, which prosecutors and judges handle differently on a case-by-case basis. The following list comprises the 14,310 law firms that received more than $150,000 in Paycheck Protection Program (PPP) loans. 2 trillion in relief to bolster the American economy against COVID-19 losses. Two people are facing fraud charges after organizing a scheme that secured more than $3. Since the inception of the CARES Act, the Fraud Section has prosecuted over 200 defendants in more than 130 criminal cases and has seized over $78 million in cash proceeds derived from fraudulently obtained PPP funds, as well as. Meanwhile, about 1. Scam Alert - Law Enforcement Credentials - May 18, 2022 Don't Be A Mule - December 2, 2021. Cindi Denton was charged with conspiracy to commit wire fraud, wire fraud, bank fraud, and conspiracy to attempt to commit wire fraud and bank fraud. C. Top Rated Lawyers Nationwide Who Win Over 50 Years of Legal Experience On Your Team. Protection Pr ogram (PPP) and Economic Injury Disaster Loan (EIDL) funds received by their defunct business North Atlantic Security. Our Pittsburgh criminal lawyers are very experienced in federal law and can help you. Call 312-913-1111!This is less of a problem for law enforcement and other investigators,. An attorney can deal with investigators directly so you don’t have to. Claim up to $26,000 per Employee for the Employee Retention Tax Credit Retroactively until 2024. Paycheck Protection Fraud Lawyers in Columbus, OH Have you been accused of PPP loan fraud for misappropriating COVID relief funds? Call LHA at (614) 500-3836 for a free legal consultation. S. SMALL BUSINESS ADMINISTRATION, SBA-2020-0015, 85 FR 20811, pp. (13) Columbus Residents Indicted For Cares Act Fraud. Timothy Jolloff is also charged with. Our white-collar defense attorneys offer big-firm talent in a collaborative environment; think-tank intellect; and exacting analytical precision. Robert M. June 22, 2022 — United States Attorney Jacqueline C. James P. An investigation into potential PPP fraud by Triad general contractor Travis Hayes and his Pilot Mountain company, Hayco Construction, has ended, with no charges filed or anticipated. Boncimino, 46, of Sycamore, was indicted on July 8, 2021 with four. Dawson of Orlando, Florida pleaded guilty to wire fraud and making a false statement within the jurisdiction of an agency of the United States related to five coronavirus relief Paycheck Protection Program (PPP) Loans and four Economic Injury Disaster Loans (EIDL). A Columbia PPP fraud whistleblower lawyer could help individuals who have witnessed abuses of the COVID-19 relief programs. To date, the FBI, the SBA’s Office of Inspector General, the IRS, the U. Romero, together with other federal law enforcement officials announced today charges against 19 defendants for defrauding federal programs funded by the CARES Act and designed to provide a financial safety net for Americans during the pandemic. Salt Lake City, UT 84107. How long you can go to jail for PPP loan fraud may depend on several factors, including: For example, if a defendant is charged with bank fraud involving PPP loans, under U. Her criminal defense lawyers had argued for a lighter sentence of 5 years of probation, while Assistant U. 8 million total in covid-relief funds from the Paycheck Protection Program (PPP). Penalties for PPP and EIDL Fraud in San Diego. 2 billion in PPP loans across several rounds in 2020 and 2021 — a total of about $790 billion disbursed. Meanwhile, about 1. Our Pittsburgh criminal lawyers are very experienced in federal law and can help you. A Camden County man admitted to fraudulently obtaining a $237,500 Paycheck Protection Program loan by falsely claiming. (“Zen”) and lawyer relator Bryan Quesenberry to settle allegations that Zen received multiple first draw PPP loans in 2020 in violation of the Program’s rules. Several defendants have pleaded guilty in what prosecutors have described as a nationwide PPP fraud ring. C. Please call 412. Liban Yasin Alishire, et al. Anyone considering PPP fraud should know law enforcement is watching, and federal prosecution can follow. How to Defend Against PPP Loan Fraud Allegations. Wednesday , June 15, charging Columbus, Mississippi residents Jabari Ogbanna Edwards and . Shappert announced today that Mashama Ferdinand, 38, of St. By hiring an FCA attorney, a PPP loan fraud whistleblower may file a qui tam lawsuit against the fraudster on behalf of the U. Available Defenses in PPP and EIDL Fraud Cases Despite issues with the loan programs, they still helped many legitimate small businesses. Columbus, OH » 49° Columbus, OH ». The two pieces of legislation—the COVID-19 EIDL Fraud Statute of Limitations Act and the PPP and Bank Fraud Enforcement Harmonization Act—extend the statute of limitations to 10 years. S. Call (614) 675-4845 today for a consultation with our team. Contact Shrader Mendez & O’Connell, Attorneys at Law For more information about PPP loan fraud, call (813) 360-1529 to speak with an experienced defense attorney at Shrader Mendez & O’Connell, Attorneys at Law. Ferdinand was released after posting a $25,000 unsecured bond pending sentencing. One thing people don't understand is the time that some of the verifications take time and the volume of loans that were done. Please call 412-969-2540 to start your defense. Related ArticlesUnder the False Claims Act (FCA), for instance, the government may reward a PPP whistleblower with up to 30 percent of the recovered funds. 5 Million PPP Fraud. A Mississippi-based freight trucking company and its owner must pay the US government $482,329 in trebled damages and a penalty for making false statements to receive a Paycheck Protection Program loan. Our CARES Act whistleblower attorneys are now. All are being charged separately with PPP wire fraud. 5 million of the PPP loan proceeds to purchase $85,000. Nationally, the federal government continues to prosecute cases of PPP fraud. In December 2022, Darnell Hayes pled guilty to wire fraud. The Paycheck Protection Program offered small businesses a few months of relief, but prosecutors will be running down fraud for years. S. The U. The Government alleged that Ms. The Paycheck Protection Program offered small businesses a few months of relief, but prosecutors will be running down fraud for years. PPP Loan Fraud Case Information for Columbus Residents Submit a PPP Loan Fraud Case in Columbus. In August 2022, President Biden authorized an extension of time to prosecute PPP loan fraud charges. The $525 billion Paycheck Protection Program (PPP) enacted as part of the CARES Act in 2020 helped millions of small businesses weather the COVID-19 pandemic. The defendants requested relief for various companies they owned including companies listed as being. R. WHAT DEFENSES ARE THERE TO CHARGES OF FRAUD IN CONNECTION WITH THE PPP PROGRAM. 8 million in federal COVID-relief funds, some of which was spent on liposuction, purchase and renovation of a. 2720 airport drive, columbus, oh 43219. Click on a company's name to see additional loan details. . Woodard each pleaded guilty earlier this week to conspiracy to commit wire fraud for fraudulently obtaining Paycheck Protection Act (“PPP”) COVID-19 loans. By. Thomas pleaded guilty to wire fraud affecting a financial institution before Magistrate Ruth Miller. Department of Justice filed 39 fraud claims against businesses who are alleged using the money illegally or outside of the scope of their application and terms of agreement. Call Columbus check fraud lawyers at Luftman, Heck and Associates to protect your rights. S. Free consult. "Ancy Morancy, 33. Part of the relief offered by the CARES Act was the Paycheck Protection Program. As of Oct. The cases involve a range of conduct, from individual business owners who have inflated their payroll expenses to. The PPP provided over $791 billion across 11. Language. False statements included when company started operations. The SBA made about $11. Experience matters when dealing with these cases, which prosecutors and judges handle differently on a case-by-case basis. If you are privy to information proving an individual or company obtained Paycheck Protection Program funds illegally in Columbus, filing a Columbus PPP loan fraud case is the most effective means to pursue justice while receiving protections for yourself and your family. S. The PPP fraud cases prosecuted by The U. During the COVID-19 pandemic, Congress passed the. Theft and misuse of Paycheck Protection Program (PPP) funds have cost taxpayers, businesses and workers an estimated $80 billion. Call (614) 444-1900 or. The False Claims Act is a federal law that makes it a crime for any person or organization to knowingly make a false record or file a false claim regarding federal programs, including the PPP program. § 371 and 18 U. The Impact of PPP Loan Fraud. We know what to expect and what to do to get the best result possible. J. The owner of a Florida talent management company and four others were charged in complaints unsealed yesterday for their alleged participation in a scheme to file fraudulent loan applications seeking more than $24 million in forgivable Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the. Parker, United States Attorney for the. S. When the Paycheck Protection Program (PPP) was established, it was anticipated to offer a lifeline to financially handicapped small business owners adversely affected by the COVID-19 crisis. S. By Lydia Taylor Cleveland. Name Email Phone Message. IRS-CI is the criminal investigative arm of the IRS. If you have received a PPP subpoena, we encourage you to contact us promptly for more information. (13) Columbus Residents Indicted. Criminal Liability for PPP Loan Fraud When the Paycheck Protection Program began in the early stages of the COVID-19 pandemic in 2020, many companies were forced to completely shut down their operations. Denton submitted fraudulent loan applications for $491,310 in COVID-19 relief funds. Experience matters when dealing with these cases, which prosecutors and judges handle differently on a case-by-case basis. Notwithstanding the. The CARES Act, the largest economic stimulus package in American history, created $2. The case, which appears to be the first criminal prosecution of a PPP lender, was highly touted by the DOJ as a major step in combating COVID-19 relief fraud. Understanding the Requirements for PPP Loans If your business in Columbus, Ohio is being investigated for PPP or EIDL fraud, you need an experienced lawyer on your side. 1 million in PPP loan funds. Compare 64 columbus consumer protection and fraud attorney profiles and 35 law firms by experience, credentials and reviews. Fill the complaint form on the DOJ website. We help businesses facing allegations of PPP loan fraud to mitigate the effects of the charges or overcome them altogether. government. In separate cases, the four are alleged to have lied about owning businesses and employing others. com. 8 million of the PPP's 11. S. Marin lawyer impersonator sentenced in federal PPP fraud case. The federal courthouse in downtown Wichita. Last year’s congressional report on PPP fraud said federal prosecutors have filed more than 1,000 cases of PPP fraud involving more than $1. In a motion to quash the government’s subpoena in an unrelated PPP loan. The following list comprises the 14,363 law firms that received PPP Loans, as well as the amount they were given and the jobs they reportedly retained. This allows external entities with a stake in the company to review the internal operations and come to a conclusion about the issue of fraud. FORT MYERS, FLORIDA –United States Attorney Roger B. An experienced financial fraud lawyer can advise you on how to respond to avoid making your situation worse. PPP Fraud. Having a skilled Paycheck Protection Program (PPP) defense lawyer who understands the legal complexities of fraud cases can ensure that an accused defendant gets the strongest legal defense and a chance at the best possible outcome. S. The Fraud Section leads the Criminal Division’s prosecution of fraud schemes that exploit the PPP. A New York man who pleaded guilty to Paycheck Protection Program fraud lost an appeal Monday challenging his sentence for bank and wire fraud conspiracies. Compiled by national PPP loan fraud attorneys, this information applies to most general questions regarding cases filed against individuals and businesses who have allegedly engaged in PPP loan fraud in Columbus. District Judge. Bloomberg Law Automation. There have been many local cases recently. 1343 wire fraud, the prison sentence could go as high as 20 years. 61. The owner of Community Enhancement Services Inc. The impact of loan fraud is far-reaching and can have serious consequences for businesses and individuals. In the COVID-19 era, there has been a heist of great value, but it has not gone undetected. "fraud,” said Associate Deputy Attorney General Kevin Chambers, who serves as the department’s director. On March 29, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. That’s almost 10% of the program’s nearly $800 billion budget. It is anticipated that cases will be brought under federal banking law as well as the False Claims Act. In such a critical and challenging time, people’s jobs have been threatened, so government-allocated funds must get distributed to people and. 6 million in Paycheck Protection Program (PPP) loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act was sentenced to prison and ordered to pay restitution exceeding $800,000. Free consults: (614) 500-3836. On Tuesday, May 5, 2020, the U. Carolyn Denise Wade, 48. The SBA made about $11. Department of Justice announced that it has indicted two businessmen in the nation’s first fraud case involving the SBA’s new Paycheck Protection Program (PPP). At Joslyn Law Firm, our legal defense team has helped hundreds of businesses fight their PPP loan fraud charges. 8 million in PPP loan fraud. CAMDEN, N. OXFORD, MS – A federal grand jury in Oxford, Mississippi returned an indictment on Wednesday charging Columbus, Mississippi residents Jabari Ogbanna Edwards and Antwann Richardson with fraud in connection with more than $2,000,000 in Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) funds received by their defunct business North Atlantic Security. In addition to Fitzgerald-Holley, the U. Jade focuses his practice on insurance recovery, exclusively on behalf of policyholders, as well as regulatory and complex commercial litigation matters. CLEVELAND — A federal grand jury in Cleveland returned a 14-count indictment Tuesday against six individuals accused of illegally trying to obtain $9 million from CARES Act funding from the U. The Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) program threw struggling companies a lifeline. We have also been there as the PPP has evolved by assisting clients with all aspects of the PPP application and review process, writing articles and providing expert interviews for industry-leading publications, creating and presenting educational seminars for a national. Cooper called the PPP a “fraud magnet. (212) 278-1035. Developed by the CARES Act, it is a refundable tax credit– a grant, not a loan– that you can claim for your business. While the SBA does provide a means for small business owners to not be forced to repay the loan, it’s important that entrepreneurs not view these loans as some sort of “free money.