Written and edited by our team of expert legal content writers and reviewed and approved by Attorney Mark O’Mara
Content last updated on: July 26, 2023
As the coronavirus pandemic raged nationwide, banks generously made Paycheck Protection Program loans under the auspices of the federal government. The early days of the pandemic are long gone, but the fallout remains. In this case, the fallout involves aggressive Department of Justice prosecution of suspected PPP fraud. There is a stronger-than-normal public punishment element in these matters. As far as DOJ bureaucrats are concerned, PPP fraudsters not only took advantage of banks and the federal government. They also prevented other needy businesses from obtaining relief.
In contrast, the diligent Orlando PPP fraud lawyers at the O’Mara Law Group do not do anything quickly or impulsively. Instead, our professional team meticulously reviews your case. Then, we offer you solid legal advice about your options. Then, when the case goes to court, we never stop fighting for you. At every phase, we leave no stone unturned when it comes to protecting your legal rights.
Elements of the Offense
Although lawmakers hurriedly created the PPP program as part of the sprawling CARES Act, the loan program still has very specific requirements. Violating any one of these rules could lead to fraud charges, since as mentioned, prosecutors are anxious to get skins on the wall in this situation. Some of the most common violations we see include:
Essentially, loan fraud is knowingly making a false statement about a material fact with the intention of making money at the expense of another person or entity.
Like other fraud cases, PPP fraud charges could lead to a host of other charges, mostly mail or wire fraud, conspiracy, and bank fraud. Mail and wire fraud is sending fraudulent documents through the mail or via electronic transfer. Conspiracy is basically two or more people coming together with the intent to defraud another person or entity, whether or not that person or entity loses money. Bank fraud is making a false statement to a financial institution.
What You Should Do if Investigators Ask Questions
The first thing you should do, and the best thing you can do, is contact an Orlando PPP fraud lawyer. Our legal team then interviews accountants and other professionals who were involved in the loan process, evaluates your case for possible legal defenses, and works with outside professionals, like forensic accountants.
Business owners can also help themselves in these situations. A proactive approach is the best way to steer these matters from criminal prosecutions to civil matters. Gather all relevant documents, do not dispose of any possible evidence, even if such disposal is routine, and let your employees know that if they report suspicious activity, there will be no retaliation.
Connect with a Zealous Orange County Lawyer
Fraud accusations do not necessarily lead to fraud convictions. For a confidential consultation with an experienced PPP fraud attorney in Orlando, contact the O’Mara Law Group, Attorneys at Law. Convenient payment plans are available.
Contact Our Firm
Our Orlando Office
What Our Clients Say
“Such a professional and personable firm. Everyone treated me with respect throughout my entire process. I absolutely dread ever needing the services of an attorney again but I would certainly go straight back to Mark. Susan was awesome and she totally got me from day one. I can’t begin to say how helpful that was for me. Thank you to the entire team!!"
Susan Dolan5-star Google Review
“By far, the best person, if you ever need an attorney and someone who will always be there for you. I am truly proud to have Mark as my attorney, advisor and friend. Thanks Mark and Alyssa. Michael Hoffman, Attorney at Law and C.P.A."
Michael Hoffman5-star Google Review
“O’Mara Law Group I would highly recommend Mark O’Mara to anyone seeking legal representation and will keep your best interest at the forefront. Should a situation arise, I would not hesitate to obtain representation from the O’Mara Law Group."
Mike Shwagger5-star Google Review