Facing PPP or EIDL Loan Fraud Investigations? Let Our Chicago Attorneys Fight For Your Rights
The federal government is increasingly scrutinizing Paycheck Protection Program (PPP) loans and SBA Economic Injury Disaster Loans (EIDL), which were established during the COVID-19 pandemic. Many business owners in Chicago and across Illinois now face serious investigations for alleged irregularities related to their PPP and EIDL loans.
If you’re under suspicion of PPP or EIDL loan fraud, the stakes are extremely high. Don’t face this stressful situation alone – our experienced Chicago PPP and EIDL fraud lawyers at Pissetzky Law LLC, are here to defend your rights and protect your future.
Understanding PPP And EIDL Loan Fraud Investigations
Investigations typically arise from allegations of business fraud related to PPP or EIDL loans, such as:
- Falsifying loan application information
- Misusing PPP or EIDL funds
- Applying for multiple loans under different business names
- Submitting false loan forgiveness documentation
- Conspiring with others to obtain fraudulent PPP or EIDL loans
The Small Business Administration’s Office of Inspector General, the Federal Bureau of Investigation (FBI) and the Department of Justice lead these investigations, meticulously examining financial records, loan applications and business operations.
Consequences After A PPP Or EIDL Loan Fraud Conviction
A PPP or EIDL loan fraud conviction can have severe consequences, including substantial fines, asset forfeiture (both business and personal) and potential imprisonment. While specific sentences vary based on the nature and extent of the fraud, authorities are treating these cases seriously, with both state and federal charges possible.
A conviction can also damage your personal and professional reputation. This is why it’s crucial to seek legal representation from our PPP and EIDL fraud lawyers as soon as you suspect you’re under investigation.
Defenses Against PPP And EIDL Loan Fraud Charges
Our PPP and EIDL fraud attorneys employ a range of defense strategies depending on your unique case. These may include:
- Demonstrating a lack of fraudulent intent
- Challenging the government’s evidence (including through appeals if necessary)
- Proving compliance with PPP and EIDL loan terms
- Negotiating for reduced charges or alternative resolutions
We thoroughly investigate every aspect of your case, leveraging our over 20 years of experience in federal law and white-collar crime defense.
Fierce Advocacy In The Face Of Federal Investigations
If you’re facing a PPP or EIDL loan fraud investigation:
- Don’t discuss your case with anyone but your attorneys.
- Preserve all relevant documents and records.
- Contact our experienced defense team immediately.
Our approach extends beyond legal representation. We understand the stress of federal investigations and are committed to supporting you throughout this process. From explaining complex procedures related to fraud cases to keeping you informed about your case’s progress, we ensure you’re never left in the dark.
Call our Chicago or Northbrook office at 312-239-8292 or complete our online form to schedule a consultation.
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