TBA Law Blog


Posted by: Kate Prince on Oct 4, 2022

Five current or former IRS employees have been charged with defrauding the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) Program. According to court documents, the defendants submitted fraudulent loan applications to both programs that collectively sought more than $1 million and used the funds for cars, luxury goods and personal travel. The defendants each face wire fraud charges, with one defendant facing both wire fraud and money laundering charges. Read the release from the office of the U.S. Attorney for the Western District.