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The Law Office of Joel Defabio The Law Office of Joel Defabio
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Miami Federal Loan Fraud Lawyer

Accused of PPP Loan Fraud or CARES Act Fraud in FL?

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was created to address the economic collapse caused by the COVID-19 pandemic.

One of the provisions of this act is the Paycheck Protection Program (PPP), which allocates $669 billion (originally $349 billion) in loans to small businesses with fewer than 500 employees to cover employee wages, mortgage/rent, utilities, and other business-related costs and even forgive these debts.

However, there have been recent reports of large corporations receiving these funds – and subsequently returning them after public backlash – or individuals and businesses using these funds for other means.

Since the federal government is committed to investigating and prosecuting individuals accused of PPP loan fraud, it is important to hire an experienced federal defense lawyer. At The Law Office of Joel DeFabio, we are ready to protect your rights and freedom for federal loan fraud allegations.

If you have been accused of federal loan fraud in Miami, FL, contact us today at (305) 851-5581 and request a free consultation.

Federal Loan Fraud Laws & Penalties

Federal loan fraud occurs when someone intentionally gains – or attempts to gain – funds through a federal program. When it comes to PPP loan fraud, common examples include falsely claiming your business has fewer than 500 workers, inflating your business’ average monthly payroll, and falsely claiming the loan money will go toward business operations.

As part of the CARES Act, the Office of the Special Inspector General for Pandemic Recovery (SIGPR) was created to investigate fraud allegations and refer offenders to the Justice Department for prosecution. PPP loan fraud is a federal offense, according to the Small Business Act (SBA).

Making false statements or overvaluing securities is a felony, punishable by a maximum federal prison term of two years and a fine not exceeding $5,000. Embezzlement is a felony that carries a federal prison sentence of up to two years and a maximum fine of $10,000.

Ready to Fight for You Immediately

Whether you had no intention to defraud the federal government or the SBA office made an error, our firm is dedicated to proving your innocence against false allegations. Let us review your case and determine your available legal options.

Call us today at Phone to learn more about our experienced federal crime lawyer.

A Reputation of Excellence Client Testimonials

    "Was able to meet with him when I needed to and he called me all the time to give me an update. Really professional lawyer."
    Joel was especially great. I was able to meet with him when I needed to and he called me all the time to give me an update. Really professional lawyer and team.
    - Emilia
    "I am very satisfied with the courtesy and professionalism he provided. He is a very sensitive, clever and resourceful attorney."
    I was represented by Mr. Joel DeFabio, and I am very satisfied with the courtesy and professionalism he provided. He is a very sensitive, clever and resourceful attorney. The staff is excellent as well. I am glad I found them. Excellent team in general, I highly recommend them.
    - Hilario
    "Remarkable work ethic and superior legal knowledge."
    It was a pleasure working with Mr. DeFabio and his legal team. Remarkable work ethic and superior legal knowledge. It was a very pleasant experience having them on my team.
    - Former Client


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RECENT VICTORIES Result-Driven Defense

  • CHARGES DISMISSED Aggravated Identity Theft
  • CHARGES DISMISSED Assault of a Federal Officer
  • ALL CHARGES WERE DISMISSED Charged with refusing to comply
  • NOT GUILTY Conspiracy
  • CHARGES DISMISSED Conspiracy to Commit Bank Fraud
  • NO JAIL Conspiracy to Commit Fraud

CHARGED WITH A FEDERAL CRIME? Schedule a Free Consultation Today

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  • By submitting, you agree to be contacted about your request & other information using automated technology. Message frequency varies. Msg & data rates may apply. Text STOP to cancel. Acceptable Use Policy
  • Over 40 Years of Experience
  • More Than 750 Federal Cases Defended
  • More Than 50 Federal Jury Trials Handled
  • One of Miami's Most Respected Defense Attorneys
  • Award-Winning Representation
  • Honest Appraisal of Your Case - "No Surprises"