HOW TO REPORT PPP LOAN FRAUD
An Expert Guide
1. Hire an Attorney
Knowing when and how to report PPP loan frauds is easier when you have an experienced lawyer to guide you through the process, providing the legal support and services you need. A lawyer can help you determine whether you have a case, direct you on how to report fraud, ensure you understand what to expect when you file a PPP loan fraud report, and prioritize your best interests throughout the entire process.
2. Understand Your Protections
The major source of protection when you report PPP fraud is the False Claims Act. A provision of this act states that whistleblowers may be eligible for relief if an employer retaliates by demoting, discharging, or otherwise harassing or discriminating against them because of reported fraud.
In such cases, relief could come in the form of reinstatement to the position if you were fired, double back pay to cover lost wages, and compensation for special damages, which could include paying legal fees and other litigation costs you accrue. As noted above, there may also be criminal charges against an employer who engages in intimidation or witness tampering.
3. File a Claim
If you want to know how to report PPP fraud, it starts with understanding the False Claims Act. It states that anyone can become a whistleblower and file a lawsuit on behalf of the U.S. government, including U.S. citizens, non-citizens, and non-governmental organizations (NGOs).
Working with a qualified attorney, you’ll compile a complaint disclosing the information and evidence you’re presenting and file it with a federal district court in the district in which the complaint is brought. You are required to maintain confidentiality until the seal is lifted.
Reporting PPP Loan Fraud Anonymously
You can report PPP loan fraud anonymously through government agencies, such as the SBA Office of Inspector General (OIG) and the U.S. Department of Justice’s National Center for Disaster Fraud (NCDF). The professionals at Audet & Partners can help you submit tips without revealing your identity. These options allow you to provide information on fraudulent activities while maintaining confidentiality throughout the reporting process.
What is the PPP Loan Whistleblower Reward?
You might be surprised to learn that you may be eligible for a PPP loan whistleblower reward. Under the qui tam provision of the False Claims Act, whistleblowers could receive a reward of 15% to 30% of collected proceeds for confidentially disclosing fraud. That said, you must be the first to file. Only the first person to come forward with the information and allegations of fraud will qualify for compensation.
Hire a Whistleblower Attorney at Audet & Partners
Once you understand how to report PPP fraud and you’ve gathered evidence to support your claim, it’s time to find a qualified whistleblower lawyer to protect your interests and guide you through the process. You need a lawyer with experience with such cases and who investigates thoroughly before taking your case to ensure the best chance for a favorable outcome.
In summary, if you want to know how to report a PPP loan fraud, keep the following checklist in mind:
- > Hire an Attorney
- > Understand Your Protections
- > File a Claim
If you’ve discovered evidence that your employer or another individual or entity has committed PPP fraud, the experienced professionals at Audet & Partners can help you understand your options. Contact us now to request a free consultation and learn more.