At the Law Offices of Matthew Cohan, we specialize in defending individuals and businesses accused of federal crimes, including PPP and EIDL fraud. Our experienced team is committed to providing a robust defense strategy designed to protect your rights, your business, and your future.

We represent clients in the Southern District of New York, Eastern District of New York, Northern District of New York, and the District of New Jersey.

What Is PPP and EIDL Fraud?

The Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) programs were created under the Coronavirus Aid, Relief, and Economic Security (CARES) Act to help businesses survive during the pandemic. These programs provided forgivable loans to small businesses, sole proprietors, and nonprofit organizations.

Due to the urgency and volume of applications, federal authorities later identified numerous instances of alleged fraud. These cases often involve accusations that individuals misrepresented financial information, falsified documents, or improperly used loan proceeds.

Common allegations include:

• Falsifying financial documents such as payroll records or tax filings
• Inflating employee numbers to obtain larger loan amounts
• Misusing funds for personal expenses instead of authorized business costs
• Submitting false loan forgiveness applications

Federal prosecutors aggressively pursue these cases, and convictions can result in lengthy prison sentences, heavy fines, restitution, and long-term reputational harm.

Common Federal Charges in PPP and EIDL Cases

PPP and EIDL investigations typically involve one or more federal statutes:

1. Wire Fraud (18 U.S.C. § 1343)
Using email, online applications, or electronic communications to submit allegedly fraudulent loan information.
Penalties: Up to 20 years in prison and significant fines.

2. False Statements to a Financial Institution (18 U.S.C. § 1014)
Making false statements in connection with obtaining loans from participating banks.
Penalties: Up to 30 years in prison and fines up to $1 million.

3. False Statements (18 U.S.C. § 1001)
Submitting inaccurate information to a federal agency such as the SBA.
Penalties: Up to 5 years in prison and substantial fines.

4. Money Laundering (18 U.S.C. § 1956)
Allegedly transferring or disguising the source of improperly obtained funds.
Penalties: Up to 20 years in prison and heavy financial penalties.

5. Theft Concerning Programs Receiving Federal Funds (18 U.S.C. § 666)
Misappropriation of federal funds.
Penalties: Up to 10 years in prison.

6. Mail Fraud (18 U.S.C. § 1341)
Submitting fraudulent documentation through postal services or private carriers.
Penalties: Up to 20 years in prison.

7. Fraudulent Loan or Credit Application (18 U.S.C. § 514)
Knowingly submitting fraudulent loan applications.
Penalties: Up to 30 years in prison and substantial fines.

Federal investigations may involve the FBI, SBA Office of Inspector General, IRS Criminal Investigation Division, or the U.S. Attorney’s Office.

Defending Against PPP and EIDL Fraud Charges

Being accused does not mean you are guilty. There are several potential defenses depending on the facts of your case:

Lack of Intent to Defraud
Federal fraud crimes require proof of intent. If errors were accidental or based on misunderstanding complex guidelines, prosecutors may struggle to prove criminal intent.

Good Faith Mistakes
The PPP and EIDL programs were implemented rapidly and included evolving guidance. Demonstrating that you acted in good faith reliance on available information can be critical.

Insufficient Evidence
A strong defense challenges whether the government can actually prove each required element beyond a reasonable doubt.

Reliance on Third Parties
If accountants, consultants, or financial advisors prepared and submitted documents without your knowledge of inaccuracies, that may be a viable defense strategy.

Early intervention by an experienced federal defense attorney can significantly impact the outcome of an investigation.

Why Choose Our Firm for Federal Fraud Defense

PPP and EIDL fraud cases are complex and high-stakes. They often involve detailed financial records, federal agencies, and aggressive prosecution strategies.

At the Law Offices of Matthew Cohan, we:

• Conduct thorough case evaluations
• Communicate directly with federal investigators when appropriate
• Develop strategic defense plans tailored to your situation
• Protect your constitutional rights at every stage

Whether you are under investigation or already charged, immediate legal representation is critical.

We proudly serve clients in:

• Southern District of New York (SDNY)
• Eastern District of New York (EDNY)
• Northern District of New York (NDNY)
• District of New Jersey

Contact a Federal Criminal Defense Lawyer Today

If you are being investigated or charged with PPP or EIDL fraud, do not speak to federal agents without legal counsel.

Contact the Law Offices of Matthew Cohan today for a free, confidential consultation. We will review your case, explain your options, and build a strong defense strategy to protect your freedom, reputation, and financial future.