Has your small company applied for a Paycheck Protection Program loan beneath the CARES Act? Or perhaps is likely to use? I am hoping you achieve getting those forgivable loans. But more crucial, i really hope that the given information youвЂ™re supplying to get that money is in the up or over.
A lawyer at Blank Rome LLP in PhiladelphiaвЂњIf you knowingly make a false representation to a federally insured financial institution, that can be considered bank fraud,вЂќ says Jed Silversmith. вЂњIt carries mandatory prison time and the statute of restrictions is ten years.вЂќ Silversmith says that, as a felony, bank fraudulence is вЂњabout since severe as it gets.вЂќ