If a PPP Loan Is Flagged as Possibly Fraudulent, What Happens?
If your PPP loan has been flagged, you may receive a subpoena or other civil investigative demand. Depending on which agency is investigating you, there are various ways in which an investigation can go.
An experienced PPP loan fraud defense attorney can guide and assist you if you are under investigation for PPP fraud.
How Are PPP Loans Handled After They Are Flagged?
Once a PPP loan has been flagged, it is primarily up to the investigating agency to determine how it will be handled. Also, the federal agency responsible for your case will depend on the type of PPP loan fraud involved, that is, whether it is wire fraud, bank fraud, or mail fraud.
If the SBA flags your PPP loan, they may request afederal search warrant.Usually, this is where the investigation into fraudulent PPP loans begins.
If your PPP loan has been flagged, it is critical that you immediately seek legal counsel from an experienced PPP loan fraud attorney.
