Tagged: CARES Act

21 Apr, 2020

The CARES Act and DOJ Prosecution of Fraud

When Congress enacts massive financial relief legislation, one inevitable result is fraud, waste and abuse. Going back to the financial crisis in 2008, DOJ had a trove of criminal fraud and civil fraud cases under the False Claims Act. With the passage of the CARES Act, you can count on DOJ ramping up criminal and civil fraud prosecutions, especially under the False Claims Act. The...

General

27 Mar, 2020

Congress Enacts CARES Stimulus Act

Congress enacted the largest economic stimulus bill in history, totaling approximately $2 trillion to protect US families and businesses from massive economic damage resulting from the COVID-19 pandemic. Copy of CARES Act HERE. The package includes: $454 billion in loans and guarantees to businesses $349 billion in small business loans $32 billion in loans and guarantees to airlines/ air cargo $301 billion direct aid to...