Congress passed the brand new CARES Work on which created a beneficial $349 billion dollar program out of forgivable loans called the Paycheck Safeguards System (PPP).

If you lied with the PPP application for the loan, filed untrue or forged files, otherwise distorted your earnings, you could be examined to possess PPP financing scam. PPP financing con you could end up numerous government criminal fees also cable fraud, bank swindle, mail fraud, and you may id theft according to the circumstances of situation.

The government was already aggressively prosecuting those people who have engaged in unlawful run on their PPP loan applications. When you look at the i, Fl billed an individual who presumably utilized PPP loan proceeds to pick an excellent 2020 Lamborghini.