DOJ Announces First PPP Borrower Civil Settlement
Thursday, February 4, 2021 The long-anticipated wave of civil enforcement actions involving participants in the Paycheck Protection Program (PPP) has begun. On 12 January 2021, the U.S. Department of Justice (DOJ) announced the first civil settlement resolving fraud allegations against SlideBelts, Inc. (SlideBelts), a California e-retailer and manufacturer of fashion accessories, and its President and CEO, Brigham Taylor. 1 As we have discussed in prior alerts, 2 aggressive criminal and civil enforcement activity targeting PPP borrowers was a foregone conclusion given the minima...
Source: natlawreview.com