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PPP Fraud can take many forms. In general there are two types of PPP fraud that the government is pursuing:

  • Organized fraud
  • Individual fraud

Organized PPP Fraud

This sort of PPP fraud is enacted by groups of people working together. They might be an established criminal organization or they could be one that formed just to commit PPP fraud. They may or may not be located in the United States.

Sometimes this crime took the appearance of one individual recruiting and aiding others to commit PPP fraud in exchange for a percentage of the payout. Other times, organized groups used synthetic identities and entities to file numerous applications for PPP funds.

Organized PPP fraud rings were responsible for massive losses. A single organized group of fraudsters easily could steal $10 million or more. Due to these large dollar amounts, pursuing enforcement against these sort of fraudsters has been and will continue to be a high priority for law enforcement.

Individual fraud

This sort of fraud might represent smaller loses, but remains a focus for law enforcement nonetheless. This sort of fraud could take many forms and there is a range in terms of the egregiousness of the fraud. At the far end of the spectrum, you have individuals who filed applications for completely fictious companies. To support their fraudulent applications, they may have created entirely false documentation. They might have done this multiple times as well. Luckily, this sort of fraud will be easy for law enforcement to detect. The more challenging part will be identifying who the fraudster actually is. It is very likely that people committing this sort of blatant fraud did not use their real identity.

On the other end of the spectrum, you will find people who made good-faith or nearly good-faith mistakes on their application. Depending on the facts, some of these cases might actually be handled as a civil matter. That means the consequence will be a monetary fine, instead of a prison sentence.

Clearly between these two extremes exists a wide range of fraud. Some of the types of fraud that the government has gone after so far include:

  • Misrepresenting number of employees
  • Misrepresenting salary information
  • Not qualifying due to criminal history / bankruptcy

The cases that have been filed so far have included a wide range of criminal charges, including:

  • Wire fraud
  • Bank fraud
  • Money Laundering
  • False statements

These are federal charges and they carry significant consequences.

Thus far, law enforcement seems to be focusing their investigative resources pursuing the most egregious, easily proven, high dollar amount cases. In other words, the lowest hanging fruit. That being said, the government has a long period of time to investigate and pursue these cases and in many ways, they are still ramping up their efforts.

What should I do if I committed fraud?

Find a lawyer? Pray? Sorry, that’s all I’ve got for you.

01.

Common Questions

Why have you published this information?

The PPP loan program was a major government expenditure, representing hundreds of billions of public funds. There are important questions about the effectiveness of the program and the equity of the loan approvals, as well as the potential for fraudulent activity. The information we’ve published on approved PPP loan applicants sheds light on this significant federal initiative.

Will you remove my personal information?

While we do understand why someone might want their other loan information removed, we believe it is important that details of the administration of the PPP loan program be available to the public. For those reasons, we decline to remove information on business loan applications. It is a public record, and the application forms for the loans noted that the information could become public.

Where does this information come from?

The information shown on this website comes directly from the US SBA.

The information you are showing is incorrect. Can you fix it?

You will need to contact your lender and/or the SBA to correct any information displayed on this website.

Why is this information public record?

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. ยง 552 (Freedom of Information Act) and 5 U.S.C. ยง 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

If a company has been flagged or negatively reviewed, does that mean they have committed fraud?

No. A company being flagged on this site simply means that someone, anyone, decided that they thought something about their loan information looked suspicious and decided to flag them.

If a company has been flagged what chance do they have of being investigated by law enforcement?

It would be highly unlikely that law enforcement would use this website to start an investigation. Most investigations are started as a result of the associated bank or lender completing a suspicious activity report. However, some of our members do actively report all suspicious PPP Loan to relevant authorities from time to time. We cannot be sure if at all any action has been taken on reports filed by our users, but one can hope.

Who can I contact for more information?

You should contact your lender and/or the SBA with any questions regarding the PPP program, your loan, or the data shown on this website.

Terms and Conditions

This site is not affiliated with the SBA or any other governmental body. The data shown has been made available to the public by the SBA. No guarantees are made as to the accuracy of the data. You are responsible for any suspected fraudulent activity that you report to the government.

Privacy Policy

We will not collect any personally identifiable information from you. We may collect anonymized statistics so that we can track website usage.

02.

You have not published all ~11 Million PPP Loan Records

Nor do we plan to. Unlike other sites like FederalPay or PPPDetective, our purpose is not to publish the entire PPP Database, but to bring exposure to potential PPP Loans which fit the logic of a scam. Which means, PPP Loans above 100k USD, or suspicious number of employees or expenses on record. Is someone was granted a PPP loan amount below a certain number, we believe it’s not worth pursuing those cases.

03.

Submitting Anonymous Tip

Some of you might be suprised to learn that you can actually receive a payout for reporting serious instances of PPP fraud. The process that allows this is called the False Claims Act and it allows whistleblowers to be rewarded with 15% – 30% of whatever money is recovered by the government. The process is far from simple, but applied to the right cases, it can be very lucrative for the whistleblower.

The False Claims Act requires that a whistleblower have first hand knowledge that fraud took place. Usually this means that you worked for the company, but not in a position where you could be considered liable for the fraud. The company is also forbidden from retailation against the whistleblower.

To begin the process, you need to file a “qui tam” lawsuit against the company. That’s right, you file a lawsuit yourself. So, you’ll need to find a lawyer. The good news is that if you have a case worth pursuing, most lawyers will happily do this for you at no cost, in exchange for a portion of whatever money is eventually rewarded.

Once you have filed your lawsuit, the US Department of Justice will review the facts you’ve presented and if they think you have a strong case, they will join the lawsuit as a co-prosecutor. Once they’ve done that, you’ll be entitled to the reward – that is, if they are actually able to recover any money from the company.

As you can see, this is a serious process that will take years to complete. You need to have non-public evidence of fraud, not be liable for the fraud, find a lawyer willing to take your case, file a lawsuit, hope the Justice Department joins the lawsuit, and finally that the company actually have any money left to pay back and that the fraud be large enough to be worthwhile.

If you think that all of the above applies to your situation, then Google ‘PPP Fraud Attorney‘ and reach out for a consultation with someone.

There are three ways you can report PPP fraud:

Online: https://sbax.sba.gov/oigcss/
By phone: 800-767-0385
Anonymously: http://www.isitascam.com/tip
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