The Justice Ministry reported on Wednesday that âsince the start of the PPP, Fraud Section lawyers have prosecuted more than 100 defendants in more than 70 criminal cases. The Fraud Section also seized over $ 65 million in cash from fraudulently obtained PPP funds, as well as numerous real estate and luxury items purchased with such products. “
In a telephone interview Thursday, Rachel Apple, spokesperson for the Wisconsin District Office of the US Small Business Administration, said: âThe Department of Justice has already prosecuted a number of cases for people who have used P3 fundsâ¦ for commercial purposes) rather than for commercial purposes. “
She added in an email: “It is a long-standing SBA policy not to comment on individual borrowers. In this, the PPP was offered through lenders with delegated authority and the SBA guaranteed the loans. made by these lenders … However, the lender’s approval does not reflect a determination by the SBA that the borrower is eligible for a PPP loan or entitled to a loan forgiveness. The SBA takes fraud seriously and all complaints are investigated and prosecuted to the fullest extent of the law.
When The Journal Times asked if further fraud prosecutions were forthcoming, Kenneth Gales, spokesperson for the United States Attorney’s Office for the Eastern District of Wisconsin, said in an email “We are not providing information to the -beyond “previously shared information regarding reported drug seizures. “In accordance with US DOJ policy, the US attorney’s office does not comment on the status of criminal investigations.”