Minneapolis Criminal Defense Attorney Prepares for COVID-19 Fraud Offenses

May 12, 2020
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Ryan Garry - Minneapolis Criminal Defense Lawyer has announced that his law firm is preparing for COVID-19 fraud offenses. This is because of the Payment Protection Program (PPP) financial assistance that have been made available by the Small Business Administration (SBA) for small businesses affected by COVID-19. Qualified lenders include SBA lenders, banks, and a number of nontraditional lenders approved by the Department of the Treasury. The problem is that some businesses could be charged with Coronavirus Payroll Protection Program fraud and this is where the firm can offer legal help for their defense.


Criminal Defense Lawyer Minneapolis

The amount borrowed can be used by businesses to cover payroll costs, rent, interest on debt, group health care benefits, and utilities. This particular financial help can also be forgiven, which means that the borrower may need not repay the balance. The amount forgiven would be based on the amount the business spends during the eight-week covered period on interest, payroll costs, utilities, and rent but no more than 25 percent of the amount borrowed spent on non-payroll expenses.

Cases of PPP Loan frauds could emerge because of the disorganized nature of the program’s rollout. The PPP has already released billions of dollars of assistance to hundreds of thousands of small businesses but the important question is whether they all deserve to get the money. The amount is intended to help small businesses that have been affected by the forced shutdowns and the drastic decline in revenues because of the pandemic. Unfortunately, it is possible for some small business owners to have obtained the money fraudulently.

Payment Protection Program fraud is easy to commit because, while documentation is needed to support an application for the financial assistance, most of the information required are “good faith estimates” and this information is not thoroughly examined by the banks but instead are simply passed on to the SBA, which ultimately gives its approval. This allows unscrupulous individuals to take advantage of the available funds by inflating payroll costs, for instance. But some businesses may also be unjustly charged with this particular kind of SBA loan fraud and this is where Ryan Garry LLC - MN Criminal Lawyers can help.

Ryan Garry is one of the few lawyers recognized by the Minnesota State Bar Association as a Criminal Law Specialist. Less than 3 percent of all criminal defense attorneys in Minnesota have this kind of certification. The law firm specializes in criminal defense, white collar crime, and medical board representation. Every lawyer in the firm has been recognized by their peers either as a Superlawyer or a Rising Star Superlawyer, which is a designation given to only the top five percent of criminal defense lawyers. Ryan Garry was also chosen as a Top 100 Lawyer in Minnesota for the years 2018 and 2019.

White collar crimes can be quite complex and are crimes that usually don’t involve violence, such as fraud, forgery, embezzlement, and identity theft. It is essential to get the services of a lawyer that has extensive experience in tackling these types of crimes, and the resources required to accurately analyze the documents that are often involved in these types of cases.

Some of the types of white collar crimes that the firm can handle include mail theft, check forgery, forgery, federal mail fraud and other fraud offenses, federal embezzlement and theft, and PPP loan fraud. Companies that applied for a federal PPP loan by fraud will be prosecuted, including public companies and other wealthy borrowers. Those who were able to get more than $2 million and requests for loan forgiveness will be audited by the federal government. They may face criminal liability if it can be proven that they falsely claimed that they needed the money.

Those who would like to learn more about getting a PPP loan fraud defense lawyer may want to visit the Ryan Garry LLC website, or they contact them through the telephone or via email. They are open 24 hours a day, everyday of the week.

SOURCE: Press Advantage [Link]

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About Ryan Garry LLC:

Ryan Garry is a Criminal Defense attorney in Minneapolis MN. He is recognized by the Minnesota State Bar Association as a Criminal Law Specialist. Specializing in Drug Crimes, Criminal Sexual Conduct, Murder and Federal White Collar Crimes.

Contact Ryan Garry LLC:

Ryan Garry
Ryan Garry LLC, Criminal Defense Attorneys
SPS Tower
333 S 7th St #2350
Minneapolis, MN 55402
(612) 436-3051

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