Looking for a PPP loan fraud attorney and SBA fraud defense lawyer in Los Angeles? The Coronavirus Aid, Relief, and Economic Security (CARES) Act was intended to provide various benefits to individuals and companies affected by the coronavirus (COVID-19) pandemic. A major part of the CARES Act was the Paycheck Protection Program (PPP), which was meant to provide financial assistance to businesses that are facing financial difficulties due to the COVID-19 crisis. The PPP program is being administered through the SBA in conjunction with private banks.

Los Angeles PPP Loan Fraud Attorney

Due to the large amount of money allocated to the PPP program, the government and private banks have worked together to identify irregularities or fraud in the application for funds related to the PPP program. Any business or individual audited or investigated for illegally receiving PPP funds must consider retaining a skilled federal criminal defense attorney to mitigate the risk of facing a federal criminal prosecution.

Currently, Federal and State law enforcement agencies are actively conducting investigations of individuals or business that have applied for PPP loans. The PPP loan application is not the only form of fraud being investigated. Federal and state agencies are looking for Loan Stacking (where a company applies for PPP loans simultaneously with various banks), Using PPP funds for unauthorized use, and fraudulent Loan Forgiveness Certification.

If your company is investigated or audited, your actions can determine whether you will be facing criminal charges. This is because making false statements to federal law enforcement agents can be charged as a separate crime altogether. Those under audit or investigation must diligent in avoiding the disclosure of information that may be incriminating. Moreover, it is just as important not to make any misrepresentations in the course of an audit or investigation.

The following is a list of potential federal charges related to the PPP loan program:

1. 15 U.S.C. § 645 – False Statements, Commerce Fraud
2. 18 U.S.C. § 371 – Conspiracy to Make False Statement
3. 18 U.S.C. § 1001– Making a False Statement
4. 18 U.S.C. § 1014 – False Statement to a Bank
5. 18 U.S.C. §1343 – Wire Fraud
6. 18 U.S.C. § 1344 – Bank Fraud
7. 18 U.S.C. § 1349 – Conspiracy to Commit Bank Fraud

If you have been charged or under investigation for PPP loan fraud, please call us to set up an appointment for a FREE CONSULTATION so we can assess your particular case and provide you with the best legal advice on how to proceed. Please allow us to offer you the assistance and support of a federal criminal defense law firm that has extensive nationwide experience with the Federal Court system as you face this most unfortunate experience. We are solely a criminal defense law firm. That is all we do and have done since our inception. You can contact our federal criminal attorneys in Los Angeles 24 hours a day, 7 days a week!

EARLY INTERVENTION BY COUNSEL IS KEY TO A PROPER DEFENSE

It is extremely important to have an experienced and knowledgeable SBA fraud defense lawyer begin working on your case as early as possible. Critical issues, such as how your particular case will be filed and what charges will be leveled against you, are decided, many a time, very soon after your arrest or during the investigatory period. Whether your case goes in front of the grand jury or not, early intervention gives us an opportunity to potentially reduce or dismiss the charges against you before the first court date.

Los Angeles SBA Fraud Defense Lawyer

Over the years, our federal criminal defense lawyers have successfully represented numerous clients charged with fraud as described above. We have observed that the longer one postpones in hiring a criminal defense lawyer, the greater the problem may become.

Please feel free to call one our expert PPP loan fraud attorney in Los Angeles for an initial FREE CONSULTATION in one of our offices, or in the privacy and convenience of your own home, during which we can explore how best to defend and resolve your criminal case. Our 24-hour telephone numbers are (818) 205-1555; (310) 288-0795; (626) 356-0447; and (213) 385-1555