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The PPP loan gives emergency funds to small businesses struggling financially to minimize the effect of the Covid-19 pandemic. It provides employers with support from payroll loan banks for up to 8 weeks including its benefits. This program also helps pay rent, cover bills, and reimburse applicable overhead. To know more about PPP Loan Forgiveness visit pppfraudlaw.com.

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Are you a victim of PPP fraud in Miami? Miami PPP Loan Fraud Firm provides expert PPP loan fraud defense services. We have two decades of expertise in defending clients with fraud cases. Our federal defense attorney Frank J. Gaviria is a highly recognized Criminal Defense Attorney who has been defending individuals accused of serious crimes in excess of 25 years. He has the experience to know what it takes to provide representation in the best and most effective manner possible in Federal Courts throughout the United States as well as State Criminal Courts.

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The Small Business Administration (SBA) continuously audits small businesses with PPP loans. All small businesses that have PPP loans are on their radar. If you’re planning to apply for PPP funds, make sure you’re aware of these: The loan program is prone to fraud schemes Federal governments will continue to be aggressive in their investigations It’s difficult to ensure compliance for a loan to be forgiven.

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Cases of PPP fraud are rising as the DOJ launched investigations on all PPP loan borrowers across the country. * Bank fraud – Up to 30 years in prison and/or $1,000,000 fine * Wire fraud – Up to 20-30 years in prison and/or $1,000,000 fine * Mail fraud – Up to $1,000,000 fine and/or 20-30 years in prison * Making false statements to the SBA or a financial institution – Up to 30 years in prison and/or $1,000,000 fine * Aggravated identity theft – 2 years in prison and additional penalties for the underlying felony offense.

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Payroll Protection Program (PPP) loans are only available to employers. But the program is actually designed to benefit employees. The bulk of the loan funds are reserved for payroll costs. It should help employers who received PPP loans avoid layoffs in their businesses. However, many borrowers assumed that they could use the loans however they wanted. Some used it to buy a car and pay personal debts. It also led others who didn’t have any intention of misappropriating the loan to commit fraud.

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Are you planning to get a PPP loan for your business? Make sure that you’re aware of the risks involved and how to counter them. Here’s what small business owners need to know about PPP loan fraud.

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Payroll expense refers to the number of wages and salaries you pay to your employees. This also includes the cost of all related payroll taxes, health benefits, and social security. The PPP Flexibility Act reduced this to 60/40. You are now allowed to spend 60% of your PPP loan for payroll expenses. The remaining 40% goes to other eligible expenses like mortgage interest, rent, and utilities.

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Being involved in a fraud case is like going to war. You need to have a strategy and guidance. Our team in Miami knows the ins and outs of the legal system. We are operating in the city with the highest fraud cases in the U.S. If you want to increase your chances of winning the case, consult with our attorney now!

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We understand that no PPP law firm can control every aspect of your case. But our team is here to help you create a clear strategy on how you will proceed with your case. Having a solid defense strategy increases your odds of winning the case. We want you to enter the battle equipped with a plan. Leverage our attorney's 20+ years of experience in fighting fraud cases. Miami PPP Loan Fraud Firm won't let you fight blindly during this make-or-break situation. Understand your case's strengths and weaknesses. Implement strategy with confidence. Our team and our attorney will guide you every step of the way. Understand legal jargon with little to no legal background. Parties who want you guilty won't take advantage of you easily. Consult our Federal Defense Attorney in Miami Being involved in a fraud case is like going to war. You need to have a strategy and guidance. Our team in Miami knows the ins and outs of the legal system. We are operating in the city with the highest fraud cases in the U.S. If you want to increase your chances of winning the case, consult with our attorney now!

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If you’re accused or charged with PPP loan fraud, having the support of a federal criminal attorney makes a big difference in the outcome of your case. After getting the names of some attorneys near you, try to set up appointments to meet them. It’s important that you come to meetings prepared. You should also bring a list of questions to ask to help you decide whether to hire an attorney or not. Here are some of the best ones to ask.

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PPP borrowers are entitled to loan forgiveness if the funds were used for legal purposes. Specifically for payroll loans, business mortgages, and utility payments. Since the PPP loan fraud cases are going up, federal governments will be more strict in the coming months. Borrowers applying for loan forgiveness are no exception. Immediate action is required when facing a DOJ investigation. Work with Miami PPP Loan Fraud Firm for professional protection.

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The PPP Flexibility Act requires you to allot 60% in payroll expenses. You need to allocate the right amount for eligible payroll expenses and stay away from PPP loan fraud. If you think you’re accused of fraud, don’t hesitate to contact Miami PPP Loan Fraud Firm. It’s almost impossible to win a fraud case without the support of a lawyer. Working with one keeps you protected, updated, and informed.

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Are you charged or accused of PPP loan fraud? Think you might be? Miami PPP Loan Fraud Firm has been fighting for clients for more than two decades. Safeguarding PPP Borrowers in Miami If you have a PPP loan, you could be at risk of fraud charges and accusations. The federal government is now implementing strict investigations to all PPP borrowers. Work with us to stay safe from hefty fines and prison sentences. Get a clear picture of your case's situation. Obtain expert legal advice from our federal defense lawyer. Plan and be one step ahead before you go to trials. Work with a team of veterans specializing in fraud cases. Protect Your Business with Miami PPP Loan Fraud Firm.

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Keeping track of your payroll expense is very important, especially if you applied for a PPP loan. You need to stay compliant with the latest regulations. Payroll expenses are for compensating employees and contractors in your business. These are also used to hire workers. Processing your payroll requires you to collect and manage data. This means your employer’s payroll expenses are likely to change from time to time. There are a lot of things you need to consider when managing your PPP loan’s payroll expenses. Here’s everything you need to know.

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If you think you’re accused of PPP loan fraud, your first step is to contact an experienced PPP law firm. They will guide you through the process, so you don’t get charged with hefty payments and penalties. The penalties associated with PPP fraud shouldn’t be ignored. If you think you’re being accused, don’t hesitate to look for legal guidance. Connect with Miami PPP Loan Fraud Firm.

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The Payroll Protection Program (PPP) loans helped many companies in the US make it through the Covid 19 disruptions. If you’ve secured a loan, you’re most likely using the funds to keep your employees paid and your business liquid. After you borrow your PPP loan, you will also need to start thinking of getting it paid off.