PPP Fraud and Investigation Risks for Lenders

Join Paul Hastings and EisnerAmper for a wide-ranging discussion on PPP fraud and the investigative and compliance risks facing PPP lenders one year into the COVID-19 pandemic.

Topics of discussion will include:

• Types of fraud that have been identified to date, including current DOJ probes of lenders regarding PPP loan calculations
• What to expect in lender investigations given limited underwriting obligations
• Potential areas of liability, including issues at origination and related to the sale of these loans in the secondary market
• BSA/AML compliance issues with PPP lending
• Best practices to proactively assess risks and remediate policies, procedures and recordkeeping