The Great Pandemic Heist: Attorneys' Role in Fighting PPP Loan Fraud
In the COVID-19 era, there has been a heist of great value, but it has not gone undetected. Prosecutors have called the heist the largest fraud in U.S. history, with the thieves stealing hundreds of billions of dollars in taxpayer money through fraudulently obtained Paycheck Protection Program (PPP) loans.
October 13, 2022 at 12:52 PM
9 minute read
LitigationThe "good" thieves are able to abscond with tremendously valuable items while remaining undetected. They take care to cover their tracks, to make sure any witnesses are silenced, and to financially clean the ill-gotten goods as quickly as possible. In the COVID-19 era, there has been a heist of great value, but it has not gone undetected. Prosecutors have called the heist the largest fraud in U.S. history, with the thieves stealing hundreds of billions of dollars in taxpayer money through fraudulently obtained Paycheck Protection Program (PPP) loans. The thieves' plan to line their pockets was fairly simple: steal the money that the government was doling out to help buoy the economy during the throes of the pandemic. They took advantage of the government's urgent loan dispersal to those who required immediate help. But the thieves could not resist showing off their looted wealth. They began purchasing flashy and expensive Lamborghinis, beautiful beachfront houses, and spending large amounts in cash. The careless and reckless nature of the heist has proven to be its undoing, and now the U.S. government is coming to take back what was stolen—although they are not acting alone.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllAttorneys Ordered to Apologize to South Philadelphia Residents Following 'Scream Test' Experiment
5 minute readChild Welfare Agency, Hotel Agree to $9.4M Settlement With Trafficking Victim
3 minute readFederal Judge Rejects Lyft's 'Competitive Harm' Claims in Attempt to Seal Safety Procedures, Storage Information
4 minute readTrending Stories
Who Got The Work
Christopher J. DeGroff, Andrew L. Scroggins and Samantha L. Brooks from Seyfarth Shaw have stepped in to represent AG Equipment Company in a pending lawsuit over alleged employment discrimination under the ADA. The case was filed Aug. 30 in Oklahoma Northern District Court by the Equal Employment Opportunity Commission on behalf of five former employees who contend that they were wrongfully terminated after seeking accommodations from the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. District Judge Sara E. Hill, is 4:24-cv-00403, Equal Employment Opportunity Commission v. AG Equipment Company.
Who Got The Work
Samantha J. Hughes of Dykema Gossett has entered an appearance for Home Depot in a pending slip-and-fall personal injury lawsuit. The suit was filed Aug. 30 in California Central District Court by Countrywide Trial Lawyers on behalf of Ernestina Rolon. The case, assigned to U.S Magistrate Judge Karen L. Stevenson, is 2:24-cv-07451, Ernestina Rolon v. The Home Depot, Inc. et al.
Who Got The Work
R. Evan Jarrold and Latiqua M. Liles of Constangy, Brooks, Smith & Prophete have entered appearances for Walmart in a pending lawsuit for alleged breaches of the Family and Medical Leave Act. The complaint was filed Aug. 30 in Missouri Eastern District Court by Roberts, Wooten & Zimmer on behalf of a former Walmart employee who contends that he was wrongfully terminated for taking medical leave after contracting COVID-19. The case, assigned to U.S. District Judge Matthew T. Schelp, is 4:24-cv-01196, Weber v. Walmart, Inc.
Who Got The Work
Nelson Mullins Riley & Scarborough partner Molly Jean Given has entered an appearance for CooperCompanies, a medical device maker comprised of CooperVision and CooperSurgical, in a pending product liability lawsuit. The case, filed Aug. 27 in California Northern District Court by Girard Sharp and Sauder Schelkopf LLC, is part of a wave of cases brought on behalf of plaintiffs whose embryos failed to develop during in-vitro fertilization due to alleged contamination of the defendant's embryo culture media lots. The case, assigned to U.S. District Judge Jon S. Tigar, is 4:24-cv-06047, I.I. et al v. CooperSurgical, Inc. et al.
Who Got The Work
Jacob Oslick of Seyfarth Shaw has entered an appearance for Prudential Insurance Co. of America in a pending ERISA lawsuit. The complaint, which pertains to short- and long-term disability benefits, was filed Aug. 29 in Pennsylvania Eastern District Court by the Cornerstone Law Firm on behalf of Catherine Alunni. The case, assigned to U.S. District Judge John M. Gallagher, is 5:24-cv-04547, Alunni v. The Prudential Insurance Company Of America.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250