Webinar

Evaluating Fraud Schemes and Indicators in SBA Pandemic Programs—What Lawyers Need to Know

Blank Rome partners Massimo D’Angelo and Rither Alabre will host and serve as speakers for “Evaluating Fraud Schemes and Indicators in SBA Pandemic Programs—What Lawyers Need to Know,” being held as an online webinar on Thursday, February 8, 2024, from 8:30 to 10:00 a.m.

ABOUT THE PROGRAM

Blank Rome and Anchin present a breakfast briefing that will feature an overview of the various repercussions of the CARES Act, which was passed in March 2020 as a measure to support businesses that were forced to shut down as a result of the COVID-19 pandemic. Specifically, this briefing will discuss the broader impact of the Paycheck Protection Program (“PPP”) and the Economic Injury Disaster Loan (“EIDL”) relief programs.

Presenters will evaluate the fraud schemes that emerged under these programs totaling over one trillion dollars that was loaned to more than 10 million small businesses and will include an interactive discussion on detecting and navigating PPP fraud cases prosecuted by the Department of Justice (“DOJ”), which are likely to proliferate in the near term.

Topics include:

• Evaluating eligibility, falsification of loan application documentation, use of stolen identities, and deliberate exploitation of the programs through conspiracy, sharing knowledge on how to circumvent controls, and obtaining kickbacks
• Analyzing fraud indicators such as: lack of wage data, inaccurate employee totals, improper payroll costs, multiple loans, reused information, and the use of different details for each program
• Trends towards increased enforcement
• Effective representation in PPP fraud cases commenced by the DOJ

Speakers:

• Massimo D’Angelo, Partner, Commercial Litigation, Blank Rome LLP
• Rither Alabre, Partner, White Collar Defense & Investigations, Blank Rome LLP
• Anthony M. Bracco, Partner, Litigation, Forensic, and Valuation Services, Anchin
• David M. Beckman, Partner, Litigation, Forensic, and Valuation Services, Anchin
• Joseph Molloy, Partner, Tax Planning and Compliance Services, Anchin

CLE credits pending.

REGISTER HERE.

QUESTIONS? Please contact Benny Levenson by e-mail.