Misused Funds From PPP Loans
Being charged with involvement in misused funds from PPP loans can be detrimental to your future. But Stechschulte Nell is here to help. For those under investigation or being charged with criminal activity in the greater Tampa area, our board-certified criminal defense attorney can provide invaluable support throughout your case. We’re familiar with both state and federal legislations and can help with a variety of criminal cases, including those involving PPP loan fraud. If you’ve been accused of misusing funds, reach out to us today for trusted legal guidance.
Legal Risks Of Misused Funds In PPP Loan Cases
The Paycheck Protection Program (PPP) was created to provide emergency financial relief to small businesses during the COVID-19 pandemic. However, federal investigators have increasingly focused on cases involving misused funds from PPP loans, where recipients spent loan money on purposes not allowed under program guidelines. These funds were intended for specific uses like payroll, rent, mortgage interest, and utilities—not for personal luxury purchases or unrelated business expenses.
A growing number of cases have triggered PPP loan misuse investigations, especially when borrowers are suspected of spending funds on high-end personal items like luxury vehicles and jewelry, personal travel expenses, or investing in unrelated ventures like personal real estate costs. This unauthorized PPP loan spending can carry serious federal consequences, including fraud charges and financial penalties. In more serious cases, individuals face prosecution for fraudulent PPP fund expenditures, especially when false documents were submitted to support loan applications or forgiveness requests.
When PPP loan money is used illegally, the consequences can be severe. Those under investigation may be charged with wire fraud, bank fraud, or money laundering. If you’re facing questions about PPP loan use, legal representation is critical to protecting your future and addressing the matter strategically. That’s where we come in. We provide legal representation for those undergoing investigation or criminal proceedings related to PPP loan fraud.
We Work Hard To Protect Your Rights
We’re always here for our clients. We know how costly a criminal charge can be—both on your finances and your life. That’s why we work hard to provide only the best representation for those facing criminal charges.
According to one Google review, we “saved [our client] tons of time and money and stress.” Another client praised us after their “case was resolved very quickly. From the initial consultation it was explained to me the entire process and the possible twist/turns that my case could possibly take. The quick swift actions of the team helped achieve a positive result before ever entering a courtroom.” Another client left a 5-star review, claiming we provided a “quick response and even quicker results.” Our dedication and commitment to our clients is present in every case we take on, and that shows through in the glowing reviews our clients leave us.
Learn How We Can Help
Our team at Stechschulte Nell offers support throughout the entirety of your criminal case. Whether you’re under scrutiny over a DUI, assault or battery, fraud, or another criminal matter, we’re here to help you get through it with confidence. Contact us today to speak with a qualified representative who can walk you through the next steps you should take in your case regarding misused funds from PPP loans.
