Misrepresentation Of Business Income For PPP Loans

If you’re being charged with the misrepresentation of business income for PPP loans, it’s time to speak with a trusted legal defense attorney. With 15 years of experience working on state and federal criminal cases, our attorneys at Stechschulte Nell can provide the guidance you need to get you through your case. Recognized as Rising Star by Super Lawyers®, our board-certified criminal defense attorney offers reliable legal advice and aggressive representation for those facing criminal allegations in the greater Tampa area. If you’re dealing with criminal charges related to PPP loan fraud, don’t wait to contact us—the sooner we can get started on your case, the better.

Legal Risks Of Falsifying Income On PPP Loan Applications

During the COVID-19 pandemic, the Paycheck Protection Program (PPP) was introduced as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. It offered vital relief for small businesses, allowing them to continue daily operations and pay employees during this uncertain economic time. However, the program’s urgency and broad accessibility also created opportunities for misuse. Government agencies found many instances of applicants submitting false financial details to receive larger loan amounts. This misrepresentation of business income for PPP loans became a key focus of federal investigations.

One of the most common tactics involved inflated income in PPP loans, where businesses exaggerated their reported revenue to meet loan qualification thresholds or maximize funding. These inaccuracies may have involved submitting outdated or altered tax records, false or fabricated earning reports, or reporting income levels that far exceeded documented earnings. These discrepancies often trigger audits and criminal investigations. For those convicted of such crimes, individuals may face up to 30 years in prison and up to $1,000,000 in fines.

Federal investigators have paid close attention to patterns suggesting that applicants reported false revenue on PPP loan applications, especially when tax filings don’t align with what was submitted to lenders or the Small Business Administration. Allegations of COVID-19 relief loan fraud have surfaced nationwide since the pandemic, despite the fact that some of these business owners under investigation may have unknowingly submitted a misstatement. To avoid fines, restitution, and possible prison time, anyone facing questions about their PPP loan application should seek legal guidance right away.

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When you work with us, you get an attorney who will work tirelessly to protect your future. We know how life-altering criminal charges can be, and going through the legal process is no walk in the park. That’s why we provide guidance every step of the way. Our clients know they can trust us to provide clear communication throughout the entire process, consistent updates about their case, and reliable advice on next steps to take.

In a Google review, one client said, “Ben is compassionate, brilliant, professional, and a very knowledgeable attorney…. My felony was reduced to a misdemeanor, and DUI was reduced to reckless [driving].” Another client stated, “What could have been serious charges were dealt with in a way that prosecution and trials did not happen. Highly recommend Ben and the team, always professional, caring, and smart in handling your case.” Our goal is to reduce your charges—or get them dismissed altogether. That’s why our clients choose us every time.

Let’s Talk About How We Can Help You

If you’re facing criminal charges related to the misrepresentation of business income for PPP loans, don’t wait until it’s too late. Contact Stechschulte Nell today to speak with a trusted criminal defense attorney who will provide the legal insight, advocacy, and aggressive representation you need to move forward in confidence.