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The purpose of the Paycheck Protection Program (PPP) was to offer businesses critical financial support during the COVID-19 outbreak. Although the program provided many with a lifeline, it also opened the door for fraudulent activity. A PPP loan fraud lawyer's experience is crucial if you or your company is being accused of PPP loan fraud in order to defend your rights and guarantee a just legal proceeding.
PPP loan fraud is when money is obtained dishonestly or when the money is misused. Falsifying facts on loan applications, exaggerating the number of workers, or utilizing money for personal spending instead of authorized uses like payroll and operating costs are common accusations.
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