(Recorded Webinar) Protect Against a Future PPP Loan Investigation
The Small Business Administration (SBA) has received a total of $670 billion for its Paycheck Protection Program (PPP) and this money has flown out the door to small businesses in need. Businesses receiving PPP loans, however, are required to make a number of certifications regarding the necessity for the loan, eligibility of the business, amount of the loan requested, and use of the loan proceeds. Recent guidance from the SBA reminded borrowers to “review carefully the required certification that ‘[c]urrent economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant.’” With this guidance, the SBA has given ineligible borrowers that received funding until May 7 to repay the loan.
In this Webinar, a former Department of Justice (DOJ) attorney who worked on SBA loan fraud cases will discuss how the DOJ, and whistleblowers (a.k.a. relators) under the False Claims Act, will scrutinize these loans during an investigation. Businesses can and should take steps now to ensure that their certifications are/were made in good faith and that sufficient documentation is created to support this good faith in order to defend against a later audit or investigation.
- CEOs/Program Directors
- In-house legal counsel
- CFOs and Fiscal Staff
- Compliance Officers and Staff
- Outside counsel
After this Webinar, you will be better able to:
- Understand the questions that the government will ask in an audit/investigation
- Understand how to assess compliance now and create necessary documentation in the event of a later audit/investigation
- Understand civil and criminal risks in connection with false certifications
- Understand specific risk areas in connection with receipt of PPP funding
A partner with the firm, Michael practices in the Federal Grants and Health Law groups, and has over three decades of experience advising community-based organizations on a broad range of legal matters. Specifically, he offers guidance to Federally Qualified Health Centers, other federal grantees, and several professional and trade associations on the 340B drug discount program, tax exemption, grants law, and fraud matters. [Full Bio]
As of May 2020, Derek is no longer with the firm.
Derek Adams is a former Trial Attorney with the Department of Justice and a partner in the firm’s Litigation and Government Investigations Practice group. Mr. Adams serves as practice lead of the firm’s False Claims Act defense practice, representing universities, health care organizations, and others facing False Claims Act investigations and litigation.
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Read more about maintaining an attendance record in our FAQs.
- 1.25 Certificate of Attendance
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