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  1. www.scdemocratonline.com › stories › braunsteinBraunstein sentenced to one year in prison in PPP fraud case

    Dec 8, 2023 · Braunstein had pled guilty to one count of wire fraud for signing a foregiveness application on second PPP loan. Judge Halpern ordered Braunstein to pay $355,638 in restitution to the U.S. Small Business Administration and to forfeit $350,000 to the government.

  2. www.nbcnews.com › politics › justice-department'Biggest fraud in a generation': The looting of the Covid ...

    Mar 28, 2022 · The charging documents in her case say she stole identifying information from a Massachusetts state website and used the information to apply for Covid relief loans.

  3. www.clearygottlieb.com › - › mediaFalse Claims Act Developments in PPP Civil Investigations

    Mar 22, 2021 · With the second round of Paycheck Protection Program (“PPP”) loans resuming in January 2021, a new wave of investigations into potential fraud and abuse in the use of PPP proceeds has commenced. This new wave comes on the heels of the U.S. Department of Justice (“DOJ”) entering into its first civil fraud settlement to date related

  4. www.npr.org › 2023/01/09 › 1145040599Majority of Paycheck Protection Program loans have been ...

    Jan 9, 2023 · An NPR analysis of data released Jan. 8 by the Small Business Administration shows the vast majority of Paycheck Protection Program loans have been forgiven, despite rampant fraud in the...

  5. www.dorsey.com › newsresources › publicationsFalse Claims Act Case Tracker for Paycheck Protection Program ...

    Sep 26, 2022 · The June 17, 2022 amended complaint alleged that Smith applied for and received two PPP loans of $20,833 each while claiming to operate a self-employed babysitting business, that Smith misrepresented her annual income and payroll costs to obtain higher loan amounts, that Smith knowingly used the loan funds for ineligible purposes and knowingly ...

  6. www.irs.gov › compliance › criminal-investigationThree more Paycheck Protection Program defendants sentenced ...

    Jun 28, 2024 · To support the fraudulent PPP loan application, Gaines provided Thomas with fabricated bank statements for Gaines Reservation and Travel that reflected fake payroll deductions. After the PPP loan was approved, the funds were deposited into an account controlled by Gaines.

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  8. www.paulweiss.com › practices › litigationDOJ Announces First False Claims Act Settlement with Borrower ...

    Jan 18, 2021 · On January 12, 2021, the U.S. Attorney’s Office for the Eastern District of California announced the first civil settlement with a borrower for allegedly committing fraud in obtaining a Paycheck Protection Program (PPP) loan, in violation of the False Claims Act (FCA) and the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA ...