CARES Act Fraud Tracker

On March 29, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. It provided more than $2 trillion in economic relief to help Americans cope with the economic impact of the COVID-19 global pandemic. The Act originally authorized up to $349 billion in forgivable loans to small businesses through the Paycheck Protection Program (PPP), and Congress later authorized $321 billion in additional PPP funding. Additionally, the CARES Act has authorized other relief, such as the Economic Injury Disaster Loan (EIDL), Economic Impact Payments (EIP), Provider Relief Fund (PRF), Pandemic Unemployment Assistance (PUA), and Federal Pandemic Unemployment Compensation (FPUC). In the chart below, Arnold & Porter tracks criminal cases that the Department of Justice (DOJ) has brought to address CARES Act-related fraud.

Arnold & Porter represents borrowers, lenders, and other service providers in all manner of issues arising under the PPP and other CARES Act programs. Our team of former high-level government prosecutors and seasoned regulatory attorneys provides unparalleled insights and extensive experience in investigations, defense, regulatory and compliance matters involving the various CARES Act programs, including on matters before the Department of Justice, SBA-OIG, state attorneys general, OCC, FDIC, and Federal Reserve Board. If you have any compliance- or enforcement-related concerns, the contacts below are available to answer questions and provide guidance.

Key Contacts

Jonathan E. Green
Partner & Co-Chair
Anti-Corruption

Kevin M. Toomey
Partner
Financial Services

Matthew Bemis
Associate
General Litigation

Kodjo Kumi
Associate
General Litigation

 

 

* Tracker contributor Maya Kouassi is not admitted to the practice of law.

Last Updated June 21, 2022

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