Feds begin prosecuting fraudulent PPP coronavirus loans. Some cases will be hard to win (Los Angeles Times)

Los Angeles Times: Feds begin prosecuting fraudulent PPP coronavirus loans. Some cases will be hard to win. “Ever since the public backlash last April against some large, well-off or nationwide companies that helped themselves to emergency government funds intended to rescue small businesses during the pandemic, federal officials have vowed to crack down on any abuses of the popular program, also known as PPP. That effort is now underway with more than a dozen criminal cases filed in 11 states in recent weeks. All involve allegations of blatant fraud, such as lying on applications, falsifying tax or business records and misappropriating money. And most involve relatively small businesses or individual owners.”

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