President Joe Biden ignored a chorus of questions from reporters during his visit to the W.S. Jenks & Son hardware store in Washington, DC, on Tuesday.
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Soon after Congress passed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) in March 2020, the Criminal Division of the U.S. Department of Justice (DOJ) moved quickly to address potential COVID-19 related fraud. One area of early focus was the Paycheck Protection Program (PPP), a program under the CARES Act that provides loans to small businesses to help pay employees. The Fraud Section set up a team devoted to PPP fraud and, within two months of the passage of the CARES Act, had charged several individuals. Our client alert from May 2020 detailed the very first wave of PPP-related charges and offered several predictions for how such cases would unfold.[1] This update reviews recent developments in DOJ enforcement and provides new predictions for the future of COVID-19 relief fraud enforcement. In short, DOJ enforcement of PPP fraud remains in its early stages, still focused more on brazen acts of f
The Biden administration has hit the ground running, issuing a flurry of executive orders, actions and memoranda with sweeping implications affecting a wide range of key issues. Companies should look internally and evaluate risks with particular consideration for administration priorities. This risk assessment can help to inform updates to compliance protocols. This article discusses where the administration is likely to focus its civil and criminal enforcement efforts in the months and years ahead.
Ex-Trump aide hits Biden after visit to small business that got PPP loan under Trump foxbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foxbusiness.com Daily Mail and Mail on Sunday newspapers.
President Joe Biden took a shot at former President Donald Trump as he visited a local small business to promote his version of a Covid loan program that was abused under the last administration. On Tuesday, President Biden visited W.S. Jenks & Son, a Washington, DC hardware store that has taken advantage of a Biden […]