Update on PPP Loan Fraud

2021-03-30T07:59:33-05:00March 31st, 2021|Construction Contractor Advisor, PPP Loans|

You may recall a blog post from last year in which I explained that a contractor should not use PPP loan funds to buy a motorcycle or for golf outings.  Well, another contractor was just convicted of PPP loan fraud with similar allegations. Last Friday, a jury deliberated for 2 hours and found the roofer guilty of falsely acquiring $2 million in PPP loans.  That was about enough time for [...]