The COVID-19 virus crush is upon us at this moment. Like in 2008 with TARP, the government has invited businesses around the country to apply for CARES Act relief to help survive this pandemic. But the requirements are unclear, discouraging some would-be applicants wary of much later scrutiny from criminal and False Claims Act prosecutors. Recklessly disregarding CARES requirements can trigger treble damages, and submitting false statements to obtain government funds may result in criminal penalties.
Regulations, Compliance, & Enforcement
Trending Now
FAR Council Speeds Up CUI Rules While DoW Slows Down • The Government’s Attempted Anthropic Ban- What Government Contractors Should Be Doing Now • The Chips Are Down: National Security, Trade, and the Fight Over AI’s Chokepoint • DOE Settles $7.5M Fraud Claim With Ascend Elements • The Fight to Save the Corporate Transparency Act: An Urgent Update
Applying for a CARES Act Loan? Take Three Simple Steps Now to Avoid Government Scrutiny Later
ungvar | Shutterstock
Track False Claims Act cases, audit trends, and compliance best practices with our Compliance & Enforcement newsletter, delivering up-to-the-minute intelligence Monday–Saturday — Subscribe here.