Paycheck Protection Program Attracting Fraudsters - a podcast by Pennsylvania Institute of Certified Public Accountants

When disaster strikes, unfortunately criminals view it as open season for committing of financial fraud. The coronavirus pandemic certainly qualifies as a disaster, and fraudsters have been quick to seize upon the opportunity presented by the Paycheck Protection Program, a piece of legislation meant to help small businesses that have been waylaid by the impact of COVID-19. In today’s podcast, Sonia Desai, managing director of Weaver in Austin, Texas, discusses what makes the PPP susceptible to fraud, popular ways by which fraudsters are looking to perpetrate their schemes, and the possible impact on legitimate borrowers.

To read the full transcript click here.

Further episodes of CPA Conversations podcast

Further podcasts by Pennsylvania Institute of Certified Public Accountants

Website of Pennsylvania Institute of Certified Public Accountants