PPP Loan Fraud Lawyer in Miami, FL Helping You During Your Investigation
Covid-19 has hit small businesses hard. Many business owners are experiencing a sudden and drastic decrease in profits, with some even going out of business altogether. Seeking economic security during this time is paramount for small business owners. You’re not alone if you’ve been affected by COVID-19; many others have too. The federal government has made a special loan available to businesses called the Paycheck Protection Program (PPP).
The Paycheck Protection Program (PPP) is a loan that is meant to help small businesses keep their employees on payroll during the pandemic. The loans are available through the Small Business Administration (SBA) and other government agencies. To be eligible for a PPP loan, your business must have had no more than 500 employees before Covid-19 hit, and you must be able to show that you’ve suffered a 25% decrease in revenue from the same period last year.
Many businesses have been taking advantage of this loan and committing federal loan fraud. Federal loan fraud allegations are serious and can result in jail time, large fines, and a loss of your business. If you have been accused of federal loan fraud or are being investigated for possible loan fraud, it is important to contact a Piotrowski Law PPP Loan Fraud lawyer in Miami, FL, as soon as possible.
Piotrowski Law has experience representing clients who have been accused of federal loan fraud and bank fraud. We will work tirelessly to help you during your investigation and ensure that your rights are protected. Contact Piotrowski Law today at 305-204-5000 to set up your free consultation with one of our skilled attorneys.
What Is Considered PPP Loan Fraud?
There are many different ways that someone can commit PPP loan fraud. Some examples of PPP loan fraud include:
Making false statements on your loan
One of the most common ways to commit PPP loan fraud is to make false statements on your loan application. This could include lying about your business’s revenue or how many employees you have.
Misusing the funds from your PPP loan
Another common way to commit PPP loan fraud is to misuse the funds from your loan. This could include using the money for something other than what it was intended for, such as paying off personal debts.
A federal investigation may seem daunting to overcome as a business owner. You deserve a strong federal criminal defense against these federal loan fraud allegations from the federal government. At Piotrowski Law, we can provide you with legal advice and help you through this tough time.
If you are being investigated for possible PPP loan fraud or have already been charged with federal loan fraud, contact Piotrowski Law today to schedule a consultation.
Can I Get In Trouble For Using My PPP Loan For Something Other Than For Paychecks?
Yes, if you use your PPP loan for something other than to keep your employees on the payroll, you could be accused of federal loan fraud. The Paycheck Protection Program is a loan that is meant to help small businesses keep their employees on payroll during the pandemic. If you used the funds from your PPP loan for something else, such as to pay off personal debts, you could be accused of federal loan fraud.
PPP fraud is a serious crime that can leave you facing years in prison and thousands of dollars in fines. If you are being investigated for PPP loan fraud, it is important to speak with an experienced lawyer who can help you protect your rights.
What Are Possible Penalties For PPP Loan Fraud?
If you are convicted of PPP loan fraud, you could face jail time, large fines, and the loss of your business. It is important to contact a lawyer as soon as possible if you have been accused of or are being investigated for PPP loan fraud.
The lawyers at Piotrowski Law are experienced in representing clients who have been accused of federal loan fraud. We will work tirelessly to help you during your investigation and ensure that your rights are protected. A PPP fraud investigation can disrupt your business and leave you feeling overwhelmed. You need an aggressive defense against these allegations, and Piotrowski Law can provide that for you.
When Should I Hire a Federal Criminal Defense Attorney?
If you are under federal investigation for a PPP loan fraud crime, it is important to speak with a qualified federal criminal defense lawyer as soon as possible. A federal criminal defense attorney can help you understand the charges against you and provide guidance on how to best protect your rights.
If you are under suspicion or have been arrested for a PPP loan fraud crime, do not hesitate to contact a criminal defense lawyer. Federal crimes can be punished with significant jail time and hefty fines, so it is important to have an experienced advocate on your side.
The lawyers at our firm have years of experience defending clients against loan fraud charges. We understand the complex legal landscape involved in these cases and know how to build a strong defense on your behalf.
When it comes to federal crimes, there is no one-size-fits-all answer as to when you should hire a criminal defense attorney. However, the sooner you hire a criminal defense lawyer, the more effective your defense can be. We believe in the attorney-client relationship and can help you get the results you deserve. Contact Piotrowski Law today at 305-204-5000 to set up your free consultation with one of our skilled attorneys.