The government pushed lenders to make Paycheck Protection Program (PPP) loans to stimulate the COVID-19 rocked economy. But how do lenders minimize the very real risk of potentially extending PPP loans to fraudsters?

Posted In:


Sooner or later, prosecutors, regulators, legislators and the media will shift their focus from PPP borrowers to lenders. In New York University Law School’s Compliance & Enforcement blog, Jonny Frank and Ryan LaRue offer five practical steps lenders can take to mitigate the legal and reputational risks of extending PPP loans to borrowers who obtained loans under false pretenses or inappropriately used the funds earmarked by the government to protect jobs.

Read the full article.

About the Authors

Jonny Frank

Jonny Frank

Jonny Frank, a Partner with StoneTurn, brings more than 40 years of public, private and education sector experience in forensic investigations, compliance and risk management. He joined StoneTurn in 2011 […]

Read Bio

Ryan LaRue

Ryan LaRue, a Manager with StoneTurn, has experience in forensic accounting and auditing, litigation advisory, and compliance and monitoring. Ryan’s experience includes performing forensic accounting investigations and assisting counsel with […]

Read Bio