Christopher R. Callahan, Matthew D. Lee and Jennifer M. O’Brien authored the American Banker article, “Are Cryptocurrency Exchanges the New Swiss Banks?” View the full article.
The Department of Justice (DOJ) has intensified its already aggressive crackdown on fraud related to COVID-19, recently announcing criminal charges against a telemedicine company executive, a physician, marketers and medical business owners for losses exceeding $143 million. These recent prosecutions provide a
…
By Matthew S. Adams and Marissa Koblitz Kingman
Businesses that are asked to complete SBA Form
…
By Matthew D. Lee and Marissa Koblitz Kingman
Intensifying its crackdown on suspected fraud in pandemic relief programs, the U.S. Department of Justice has established the COVID-19 Fraud Enforcement Task Force, sending a clear message that any individual or business that benefited from government aid should expect enhanced scrutiny.
Due to the unprecedented scope of
…
By Gabriel Herman and Marissa Koblitz Kingman
Paycheck Protection Program (PPP) loans were designed to help small businesses cover explicit allowable expenses during the COVID-19 pandemic. There are various eligibility requirements that businesses must satisfy before applying for PPP loans and subsequently upon seeking forgiveness. Because the loans were sought and made at rapid speed,…
April 20, 2021 – Alerts
By Matthew D. Lee and Marissa Koblitz Kingman
The Justice Department continues to intensify its crackdown on COVID-19 relief program fraud, a clear indication that any individual or business that has benefited from the government aid should expect enhanced scrutiny from various government agencies in the coming months and possibly…
By Patrick J. Egan, Joshua Horn and Stephanie Ohnona
Two businessmen have been convicted in U.S. District Court for the Southern District of New York of helping a California-based cannabis company avoid bank flags for illegal cannabis-related transactions. A New York jury found the men guilty of bank fraud conspiracy in violation of 18…
Matthew S. Adams and Marissa Koblitz Kingman have authored an article for New Jersey Lawyer entitled “The Nuts and Bolts of Compassionate Release Applications for Federal Inmates.” You can read the full article here.
Joshua Ashby and Kimberly L. Kwan have co-authored a Corporate Compliance Insights article entitled “How the Corporate Transparency Act Shakes Up AML: Beneficial Ownership Updates and More.” Their article addresses the recently-enacted Corporate Transparency Act, and how that new law changes what constitutes beneficial ownership and establishes more robust automated data collection. In addition, the…
By Matthew D. Lee and Marissa Koblitz Kingman
The Justice Department has widened its crackdown on COVID-19 fraud, announcing the first criminal case alleging misuse of federal relief funds designated for medical providers. The egregious nature of the alleged fraud and relatively small amount of funds involved provide valuable clues about the pace, breadth and…
This website uses cookies to improve your experience. By continuing to browse our website you consent to our use of cookies as set forth in our Cookie Policy. Learn More
