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). These programs have placed lenders and borrowers at significant risk for criminal and civil liability, including risk under the False Claims Act. The Department of Justice (DOJ) has been actively pursuing these cases. In the chart below, Arnold & Porter tracks criminal and civil cases that 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

Kevin M. Toomey
Financial Services

Matthew Bemis
General Litigation

Kodjo Kumi
General Litigation

Maya Kouassi
General Litigation

* Tracker contributor Aidan Mulry is not admitted to the practice of law.

Last Updated February 1, 2023

Email Disclaimer