On November 2, 2023, Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange was found guilty of fraud and money laundering. Federal prosecutors are alleging that he defrauded FTX customers out of upwards of $8 billion. In his ongoing coverage of the case, Law360’s Phil Bantz spoke with Attorney Eugene Gorokhov regarding the sentencing implications of SBF’s conviction.
Federal PPP Loan Fraud Investigations on the Rise: What Business Owners Need to Know
Why PPP Fraud Is in the Spotlight Now During the height of the pandemic, the federal government issued over 800 billion dollars in Paycheck Protection Program (PPP) loans to help 11 million businesses keep workers employed. The speed at which funds were distributed meant that oversight was limited. Now that the program has ended, federal