News & Analysis as of

Criminal Liability Coronavirus/COVID-19 Paycheck Protection Program (PPP)

Tucker Arensberg, P.C.

Medical Practices Face Liability for COVID Accelerated and Advance Payments and PPP Loans

Tucker Arensberg, P.C. on

Medical practices are now beginning to encounter Medicare payment claw backs by CMS for COVID Accelerated and Advanced Payments (CAAP) and Department of Justice (DOJ) prosecution for Paycheck Protection Program (PPP) abuses. ...more

Vinson & Elkins LLP

[Webinar] Navigating Civil Liability Under the Paycheck Protection Program - May 20th, 12:00 pm - 1:00 pm CT

Vinson & Elkins LLP on

Please join Jessica Heim, Zach Terwilliger, and Adrianne Goins, as they discuss criminal and civil liability risks for CARES Act fraud and key issues to watch in 2021 and beyond. Discussion topics will include: - A review...more

BakerHostetler

[Webinar] Paycheck Protection Program 2.0: What Borrowers Need to Know - February 22nd, 11:00 am - 12:30 pm EST

BakerHostetler on

The Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (Economic Aid Act), enacted into law on December 27, 2020, provides additional, much-needed relief to businesses and families economically impacted by...more

Proskauer Rose LLP

Rear View Mirror: Criminal Exposure for Companies that Received PPP Loans Under the CARES Act

Proskauer Rose LLP on

On April 28, 2020, Treasury Secretary Mnuchin announced that companies that received loans of more than $2 million through the Paycheck Protection Program (“PPP”) of the CARES Act will be closely scrutinized. Mr. Mnuchin’s...more

Pierce Atwood LLP

COVID-19: PPP Loans – Economic Need Determinations

Pierce Atwood LLP on

***Update*** On April 28, Treasury Secretary Steven Mnuchin announced that the SBA will do a full review of any loan more than $2,000,000 under the PPP program. He also warned of criminal liability for borrowers who...more

Jackson Walker

Pandemic Recovery Funds and Government Enforcement

Jackson Walker on

When Depression-era bank robber Willie Sutton was asked why he robbed banks, he infamously responded, “Because that’s where the money is.” Similarly, anytime you see large amounts of government money devoted to any given...more

Jackson Walker

CARES Act Update – Important Considerations for Paycheck Protection Program Participants (Enforcement Actions, FAQ 31 and FAQ 37,...

Jackson Walker on

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 23, 2020, to provide emergency economic stimulus to small businesses and certain eligible recipients in response to the economic...more

Fisher Phillips

Government Doubles Down On Warning To Employers Accepting Small Business Loans

Fisher Phillips on

Following rapid depletion of funds available to small businesses under the CARES Act and subsequent Congressional action to refill the well, the Treasury Department today vowed to conduct “full audits” of companies receiving...more

Bracewell LLP

Mnuchin Warns of Criminal Liability for PPP; Promises to Audit Large Loans

Bracewell LLP on

On April 28, Treasury Secretary Steven Mnuchin announced the SBA would be conducting audits of all businesses that received greater than $2 million in PPP loans, reiterating his warning from last week that businesses...more

Pillsbury Winthrop Shaw Pittman LLP

COVID-19 Relief and Beyond: New Compliance Challenges

COVID-19 stimulus payments come with restrictions and regulatory obligations. Legal and compliance teams should be alert for the obligations organizations will assume through their acceptance of CARES Act relief....more

BakerHostetler

Borrower Beware: Future Government Investigations and Whistleblower Liability Based on the CARES Act Paycheck Protection Program

BakerHostetler on

Last month, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) in response to the economic crisis that has been created by the COVID-19 pandemic. The CARES Act established the Paycheck...more

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