750+ Reviews On

After the Paycheck Protection Program (PPP) was first put in place in 2020 during the early stages of the coronavirus pandemic, thousands of small business owners across the United States could manage their payroll and other business expenses by receiving PPP loans with very low-interest rates. However, as the pandemic has waned, the federal government has started reviewing PPP loan applications in exacting detail, leading to some loan recipients facing severe federal fraud charges.

If you have been charged with PPP bank fraud in South Florida, you must understand exactly what kind of charge you are dealing with and what options you have for fighting the allegations against you. Guidance from an expert PPP fraud lawyer can be crucial to handle this kind of situation proactively and effectively.

Bank Fraud Versus Wire Fraud

One of the best ways to understand federal bank fraud charges is by comparing them to federal wire fraud charges. Many alleged PPP fraud cases are prosecuted as wire fraud. Both bank fraud and wire fraud involve the knowing execution of a scheme intending to defraud another person or to obtain money, assets, securities, or any other financial instrument from them. This is done by making false representations or establishing pretenses.

The key difference between these charges is how the alleged scheme is executed and who it targets. Wire fraud involves using wired communication—such as a phone call or, more commonly, the Internet—to conduct fraudulent activities across state lines. Conversely, bank fraud does not necessarily have to involve any fraudulent activities across state lines, but it must specifically target a financial institution.

Another important distinction between these two charges is that it can be much trickier for prosecutors to prove “materiality” for bank fraud than for wire fraud cases. To show materiality, a prosecutor must prove that a fraudulent act involved a significant amount of money to warrant legal action. Put another way, five dollars taken from a bank differs greatly from five dollars taken from an individual, given how much of the defrauded party’s total assets and interests that amount might represent. An expert, Fort Lauderdale attorney, can clarify what constitutes a PPP bank fraud case.

Potential Penalties for Bank Fraud

Under 18 U.S.C. §1344, someone convicted under federal law of defrauding a financial institution may face a maximum prison term of 30 years, even if they have no history of criminal convictions at the federal or state levels. Additionally, someone convicted under this statute of bank fraud related to a PPP loan in South Florida may have to pay a maximum fine of $1,000,000.

As with most federal criminal charges, these penalties are much harsher than those typically allowed for fraud prosecuted under Florida state law. Working with a top defense attorney is best to give yourself the best chance to avoid these penalties.

For Help with PPP Bank Fraud Charges in Fort Lauderdale and South Florida, Contact Us

Federal prosecutors tend to be highly bullish about criminal charges for bank fraud, and they have been known to file charges for both wire fraud and bank fraud over a single alleged instance of PPP loan fraud. However, you can still fight against these accusations with help from the best federal criminal defense attorneys.

Our experienced team at Rossen Law Firm can explain what you need to know about PPP bank fraud in South Florida during your initial strategy session. Schedule yours by calling today.

Get Your Free Download Instantly
The Client All Agree Rossen Law Firms’s 5- Stars Rated Attorneys
Instant Download
7 Reglas Que Necesitas Saber Para Sobrevivir A Un DUI en Florida
EN ESTE REPORTE GRATIS DESCUBRIRAS EL ERROR #1 AL HACER LA PRUEBA DE SOBRIEDAD, LA VERDADERA RAZÓN PORQUE LA POLICÍA QUIERE ARRESTARTE Y MUCHO MÁS…
Instant Download
7 Rules You Need to Know to Survive a Florida DUI
IN THIS FREE REPORT YOU’LL DISCOVER: THE #1 MISTAKE PEOPLE MAKE ON THE FIELD SOBRIETY TESTS THE REAL REASON THE POLICE ARE DYING TO ARREST YOU… AND WAY MORE…
Instant Download
Florida Domestic Violence
HOW WHAT HAPPENS IN THE HEAT OF THE MOMENT CAN HAVE TERRIBLE LEGAL CONSEQUENCES FOR EVERYONE INVOLVED
Instant Download
Second DUI, 0.19 Breath
DUI Charge Dismissed
Federal Child Porn Possession
Mandatory Prison Time Avoided
Attempted Murder
Charges Dismissed
How We Win
Second DUI, 0.19 Breath
DUI Charge Dismissed
Federal Child Porn Possession
Mandatory Prison Time Avoided
Attempted Murder
Charges Dismissed
Google Reviews
kevin tabronkevin tabron
00:07 08 Sep 22
In one of the most stressful times in my life, Rossen Law Firm was there for me. Leaving no stone unturned they provided patience and knowledge in every detail of my case. I’m very thankful and proud of this law firm family and especially of my lawyer, Scott Simmons for guiding, defending and helping me in every way possible. He and this law firm family come highly recommended from personal experience!!!
Jason HigleyJason Higley
15:24 26 Aug 22
I had an unfortunate situation with a family member that lead to my arrest and being charged with DV Battery. This was the first time I had ever been arrested so I was very nervous and afraid of what was going to happen to me. After talking with Adam I decided to retain him and let me tell you this was the BEST decision I could have ever made. Adam made me feel so comfortable and confident that everything will turn out the best in my favor. He is professional, ethical and supportive. He was always available too answer any questions or concerns.Not to mention, his team at the office is awesome they are so friendly and welcoming. Anytime I had a question when I called the office they were able to guide me in the rightdirection. They always were in contact with me with any information or updates regarding my case. Adams team is GREAT!Adam delivered, my case was DISMISSED. So if you want an attorney the is gonna fight for you and get the job done retain the BEST there is Adam Rossen!!!
Felix I HFelix I H
13:27 28 Jul 22
Adam Rossen and the team at Rossen Law took great care in handling my case. They are very professional, and get the job done. I was particular relieved to see just how much empathy they showed with me, and how effortless it was to be their client.I literally visited them twice. My initial consultation, and then to pickup the final docs. I have nothing but great things to say about these folks, and I would highly recommend them to anyone. Thanks Guys.
Terry ChristopherTerry Christopher
12:32 09 May 22
I had an amazing experience with The Rossen Law Firm. The staff were very professional. Attorney Susan Lawson went above and beyond working on my case. We were thoroughly prepared for trial. Mrs. Lawson reviewed hours of body and dash camera footage multiple times and aggressively performed depositions on witnesses and law enforcement.The final outcome for me was the state dropped my case, due to the great work Susan and the Rossen team performed. I didn’t even need to go to trial.This law firm does not play around. They pay attention to detail and they FIGHT FOR YOU!Thank you Adam, team, and a special thank you to Susan for your amazing work! I really appreciate you.
Ketiana ProvinceKetiana Province
20:27 23 Mar 22
My experience with Rossen Law Firm was excellent. From the consultation to the end.. My attorney Susan Lawson gave my son's case all the time and attention that was needed to be successful in court. She was confident during all the court proceedings. My favorite part was when she said we are family, never once my son and I were treated other then that. I very much appreciate the knowledge and support I received through Rossen Law Firm.
js_loader
super-lawyers-2021
500
national-trial-lawyers
national-association-distinguished-counsel
florida-trends-legal-elite
american-institute-criminal-law-attorneys
rated-by-super-lawyers
avvo-rating-superb-criminal
avvo-rating-superb-dui
av-preeminent
av-preeminent-2017
superior-dui-attorney
american-assoc-attorneys
rising-stars-serra-jovenich
super-lawyers-rising-stars
Types Of Cases We Handle

Rossen Law Firm’s legal team understands what’s at stake when you’re charged with a crime in South Florida. We’re committed to defending you and protecting your rights. Our legal team is ready to create a customized strategy for your case to fight for the best possible outcome. We handle Criminal, DUI, Federal, Domestic Violence, Marchman Act & Baker Act cases, and more.

See All Practice Areas
Get Help Now
Take a moment to fill out the form on this page to get in touch with us, and we will get back to you shortly.