Providence PPP Loan Fraud FAQs

Answers to the Most Common Providence PPP Loan Fraud Questions

Providence PPP Loan Fraud Questions and Answers

This page contains answers to common questions that apply to most cases of PPP loan fraud in Providence. To discuss your case in detail or ask specific questions related to your circumstances, contact our firm. Our PPP loan fraud attorney team serving Providence residents provides confidential, no obligation case review. Simply contact our firm and a member of our attorney team handling Providence PPP loan fraud claims will contact you in the near future to answer your questions, completely free of charge.

What is Providence PPP loan fraud?

Providence PPP loan fraud refers to cases where an individual or company in Providence obtained federal funds through the CARES Act Paycheck Protection Program as a result of false statements or another kind of deception. Providence PPP loan fraud may result in charges of wire fraud, bank fraud, money laundering and more.

Who is eligible to file a Providence PPP loan fraud case?

Any person or persons who have inside information indicating PPP loan fraud in Providence may initiate a case. This may include a current or former employee of a lending institution or company that obtained a PPP loan in Providence, or any other individual privy to information of this nature.

How do I file a PPP loan fraud case in Providence?

If you believe you have grounds to file a Providence PPP loan fraud claim, the first step is to contact an attorney. This can be an intimidating step, but we assure your communication will be confidential. One of our attorneys handling PPP loan fraud cases for Providence residents will answer any questions you may have during a free, no-obligation consultation. If you choose to file a claim, we will support you every step of the way.

What does it cost to file a PPP loan fraud case in Providence?

Our PPP loan fraud attorney team is committed to representing all persons involved in a qui tam lawsuit for PPP loan fraud in Providence on a contingency basis, meaning there are never any legal fees unless we win compensation in your case. To access your free, no-obligation consultation, use the online chat feature or contact form on this site. A member of our expert whistleblower lawyer team handling PPP loan fraud cases for Providence residents will contact you to answer any of your questions.

Does a person filing a case need to have full knowledge of all aspects of the alleged PPP loan fraud in Providence?

No, the person filing a claim need not have full first-hand knowledge of the alleged Providence PPP loan fraud. If you choose to work with our firm, the first step of the process is an in-depth investigation during which attorneys will gather relevant facts and evidence. During this stage, the case is "under seal" and the whistleblower's identity remains anonymous.

What kind of compensation can I expect from reporting PPP loan fraud in Providence?

Successful casess can result in significant compensation for those reporting PPP loan fraud in Providence. Under the False Claims Act, the government is entitled to compensation that is threefold the fraud amount. Of this, whistleblowers are awarded with up to 30% of the total compensation. For example, if the claim concerned PPP loan fraud in Providence in the amount of $2.5 million, the total compensation may be up to $7.5 million, with more than $2 million in potential compensation for the whistleblower, in addition to other employment protections. Providence PPP Loan Fraud Questions and Answers

Is there a statute of limitations for PPP loan fraud cases in Providence?

Under the False Claims Act, a PPP loan fraud claim must be filed within the latter of two time periods: Either six years from the date of the violation of the fraud, or within three following the time the government knew or should have known about the violation. The maximum statute of limitations is ten years by this federal law. State laws may differ, but any person who reports Providence PPP loan fraud in the near future will fall within the statute of limitations.

What constitutes PPP loan fraud in Providence?

Generally, Providence PPP loan fraud includes any false statement made in the loan application or certification process. Reported cases of PPP loan fraud in Providence and around the nation include:

applying for a PPP loan to support payroll for dead or non-existent employees
applying for a PPP loan on behalf of a non-existent company
applying on behalf of a subsidiary of a company too large to qualify
misrepresentation of payroll costs or number of employees
claiming employees who do not reside within the United States
claiming necessity for a company that did not experience losses related to COVID-19

Incidents of PPP loan fraud in Providence result in egregious waste of taxpayer dollars and limit the funds available to Providence area workers and small businesses in need.

Who is responsible for investigating PPP loan fraud in Providence?

Incidents of Providence PPP loan fraud will be investigated in the same manner as those reported around the country. Whereas white collar crime investigations typically languish for months or years, PPP loan fraud claims have been investigated with expediency thus far. In anticipation of PPP loan fraud, the CARES Act created a Pandemic Response Accountability Committee to detect mismanagement of funds; the Special Inspector General for Pandemic Recovery is charged with conducting CARES relief audits and investigations.

Does it cost anything for a whistleblower attorney serving Providence to review my case?

We will always listen to your circumstances and provide an analysis of your case without any cost or further obligation.

What types of protections are in place if I intiate a PPP loan fraud case in Providence?

There is a certain degree of risk associated with filing a claim of this nature, which is why it is vital to have strong legal representation to ensure you receive the maximum protections provided by the law in Providence at each stage of the process. In the beginning, when an individual reports Providence PPP loan fraud under the Fair Claims Act, the case remains "under seal" and the whistleblower's identity remains anonymous. Once the defendant has been informed of the claim, revealing the whistleblower's identity, numerous employment protections are available:

Reinstatement of employment, if fired
Double back pay as compensation for any lost income
Compensation for any special damages including litigation costs and reasonable attorneys' fees

I'm not the type of person who sues; do I really need to file PPP loan fraud claim?

If you have become aware of Providence PPP loan fraud, the only way to safely report it, without risking retribution from your employer, is to file a claim with a whistleblower attorney. Without legal protections in place, you may risk your job or career as a result of reporting PPP loan fraud in Providence. We believe abuse of CARES Act relief programs is a serious violation that harms Providence small businesses and taxpayers. Whistleblowers take a risk by reporting Providence PPP loan fraud, and it is the primary goal of our whistleblower attorney team to ensure our Providence area clients receive maximum compensation and protections available under the law.