DOJ Announces First Civil Settlement for PPP Fraud

After bringing dozens of criminal charges against Paycheck Protection Program loan recipients in recent months, on January 12, the US Department of Justice announced its first civil settlement resolving allegations of PPP loan fraud.

Filed under:
USA, Banking, Insolvency & Restructuring, Cooley LLP, Bankruptcy, Paycheck Protection Program, US Department of Justice, Financial Institutions Reform, Recovery, and Enforcement Act 1989 (USA)
Authors:
Daniel Grooms , Erin Estevez , Michael McMohan
Location:
USA
Firm:
Cooley LLP