Restart Michigan with Miller Canfield | PPP Loan Audits: What to Expect and How to Prepare - Detroit Chamber Webinar
Restart Michigan with Miller Canfield...
Description
Borrowers receiving PPP Loans from the SBA are subject to audit and investigation by the federal government’s Special Inspector General for Pandemic Recovery in the U.S. Treasury Department, which also has the authority to refer matters to the Department of Justice for a civil or criminal proceeding. The SBA and the Treasury Department also announced that all PPP loans of $2 million or more WILL be subject to an audit. In addition, there is a possibility that a private litigant may sue a borrower in the name of the federal government by bringing a qui tam proceeding under the False Claims Act and receiving a portion of any recovery.
Because the stakes can be high, it is important for PPP loan borrowers to prepare for and defend themselves during such audits, investigations, and litigation. Miller Canfield’s PPP Loan Audit Team will advise PPP Loan borrowers on what to expect through this process.
Speakers:
Because the stakes can be high, it is important for PPP loan borrowers to prepare for and defend themselves during such audits, investigations, and litigation. Miller Canfield’s PPP Loan Audit Team will advise PPP Loan borrowers on what to expect through this process.
Speakers:
- Brad Arbuckle, principal, Corporate and Transactions
- Jeff LaBine, principal, Co-leader of Miller Canfield’s Corporate and Transactions Group
- Ryan Riehl, principal, Tax
- Gerald Gleeson II, principal, Litigation and Dispute Resolution
