Borrowers and lenders beware. The DOJ has launched investigations into the popular SBA Paycheck Protection Program and the borrowers who received billions of dollars under the program. As reported by Bloomberg and other press outlets, the probe is being led by Assistant Attorney General, Brian Benczkowski and a team of prosecutors with the Fraud Section.
On March 17, 2020, Treasury Secretary Steve Mnuchin announced that the deadline to pay taxes due April 15, 2020, for certain taxpayers would be extended by ninety (90) days until July 15, 2020. On March 18, 2020, the IRS issued Notice 2020-17 that provided an extension until July 15, 2020, for certain individuals who owe