The case of a Rhode Island restaurant falsely applying for a loan is the first criminal fraud prosecution in connection with the massive paycheck program. Industry officials warn that it will not be the last — not by a long shot. Derek Cohen, a partner in Goodwin’s White Collar Defense practice and former federal prosecutor, shares how history shows that fraud is fairly rampant when government relief programs are put together quickly in response to disaster. Read the article in American Banker here.
In The Press May 07, 2020