What to Expect When Facing PPP Loan Fraud Charges in Miami

The Paycheck Protection Program (PPP), launched during the Covid-19 pandemic, was designed to help businesses maintain their operations. It helped many survive those testing times, but many people have found themselves subject to investigation and federal charges for misuse of those funds. The most common types of fraud have been providing incorrect details, using PPP funds for unauthorized expenses, applying for multiple loans, and creating false businesses to receive funds. If you are under investigation or could be in the future, here is what to expect:

Initial Investigation

The process begins when a federal agency officially notifies you. It is a clear indication that you are under investigation. You might receive a formal document or sometimes an unexpected visit from the authorities and questions. Investigators even demand interviews with you and your employees, so make sure you have a criminal lawyer specializing in PPP loan fraud by your side. Do not answer any questions from federal agents without consulting with an expert white-collar criminal defense lawyer first.

Legal Proceedings

If the government decides to seek formal charges against you, they will submit the case to a grand jury. If the grand jury returns an indictment, an arrest warrant will be issued. After a formal arrest occurs, you go before a magistrate judge for the first appearance and bail determination. The next step is to be arraigned on the indictment and face the formal charges before a district court judge who will preside over the trial and sentencing if you are convicted at trial. Understanding this process is key to being prepared and making informed decisions.

Potential Penalties

If convicted, you can face jail time, substantial fines, restitution, or asset forfeiture. The terms and conditions can depend on the severity of the fraud and the amount of money involved. Imprisonment can range from a few months to many years, and the fines can easily reach millions of dollars (to recover misused funds). Your assets can be and will most likely be frozen by the government after an indictment is returned. This is why you can’t wait to consult with an expert white-collar criminal defense attorney. You must act fast as soon as you find yourself under investigation.

Defense Strategies

To be able to protect your rights and future, make sure you hire an experienced white-collar criminal lawyer in Miami, FL. Your lawyer will evaluate the case thoroughly, emphasizing your plus points and pinpointing the prosecution’s vulnerabilities. They will challenge the evidence, negotiate a plea deal to reduce or dismiss charges and build a robust defense if your case goes to trial. While these proceedings are ongoing, refrain from discussing your case with anyone other than your lawyer.

Preparing for the Future

PPP loan fraud charges can lead to imprisonment and tarnish your reputation. You must proactively work on managing your relationships (both personal and professional). You should also partner with a financial advisor to have a proper plan in place for managing your resources. Also, seek support from your loved ones since dealing with legal charges can be stressful, and you need emotional support to navigate these murky waters.

Choose The Kirlew Law Firm For Assistance

If you are facing PPP loan fraud charges, trust the experienced team at The Kirlew Law Firm. Contact Brian Kirlew, Esq. today at 305-521-0484 or visit us. You do not have to navigate this time alone; our competent and compassionate team can offer you the right representation and secure your future. Book a confidential consultation today, and let us help you achieve the best possible outcome for your case.