PPP Fraud and Financial Professionals

Overview

Casey Crowther did not have a college education, but he had an outstanding work ethic. With little more than a pickup truck and some hand tools, he built a roofing company that grew. Over time, Casey's company employed more than 100 people and generated more than $20 million in annual revenues. With a company of that size, Casey relied upon advice from his bookkeeper when filling out financial documents. As a result of representations he made on bank statements and loan documents, authorities charged Casey with criminal behavior related to PPP loan fraud. What should an accounting professional learn from Casey's story? Stay tuned to find out! This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Prerequisites

None

Objectives

After attending this presentation you will be able to...

• Recognize why corporate documentation and training materials may lessen vulnerabilities to government investigations
• Distinguish motivations of government investigators and prosecutors
• Identify tactics witnesses use to lower their exposure to sanctions
• Recall how government investigations begin

Highlights

The major topics covered in this class include:

• Ethical dilemmas
• Judicial proceedings
• Mitigation strategies
• Creating tools to help make better decisions
• Atonement and reconciliation