"In August, President Biden signed two bills into law that give the Department of Justice and other federal agencies more time to investigate and prosecute Paycheck Protection Program (“PPP”) and COVID-19 Economic Injury Disaster Loan (“EIDL”) cases. H.R. 7352, the “PPP and Bank Fraud Enforcement Harmonization Act of 2022” and H.R. 7334, the “COVID-19 EIDL Fraud Statute of Limitations Act of 2022” extend the statute of limitations for fraud charges involving PPP and EIDL fraud to ten years. Previously, the statute of limitations for these offenses was limited to five years, except in the case of federal bank fraud where the statute of limitations is also ten years. Both bills passed with bipartisan support from Congress and clearly signal that pandemic relief fraud prosecutions and enforcement remain a top priority for the federal government."
Large scale PPP loan fraud was rampant. This reminds me of the old Eric Holder "Fast and Furious" operation. A lot of people are going to get caught up in the government's wide dragnet - rightfully so. The people who cheat the benefits systems are a drag on regular, honest people who pay into the system.
It bothers me not one bit that those who cheated the government program will now be in bed with Uncle Sam and his newly minted army of IRS auditors and investigators for a long, long time to come.
Uncle Sam is sharpening up his pencil and is ready to love you long time!!!
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