AGG partner and Government Contracts practice leader, Tenley Carp, was quoted in an October 17, 2022, article published by WCPO 9 News discussing seven people in Greater Cincinnati who had their Paycheck Protection loans forgiven by the U.S. Small Business Administration even though they were under FBI investigation.
Tenley explained the lack of coordination between the SBA and investigators is a problem for taxpayers, even if the criminal case leads to restitution orders.
“For all involved, for the taxpayers especially, it would have been better had the SBA never approved the loan forgiveness and let that money go out the door,” said Tenley. “Because getting it back of course is much harder than allowing the bad actors to have access to it.”
To read the full article, please click here.
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