The Health Law Offices of Anthony C. Vitale
On August 19, a Kansas chiropractor was convicted on multiple charges for Paycheck Protection Program (PPP) loan fraud. According to the U.S. Department of Justice, Timothy Dale Warren was charged with four counts of bank fraud, two counts of money laundering, and four counts of false statements. According to court documents, as owner of Titan Medical Center LLC Warren fraudulently obtained PPP loans totaling approximately $145,800 from two banks, then allegedly used a third bank to conceal the proceeds.
Warren is just the latest healthcare professional to be charged with PPP loan fraud, an area that the DOJ has said is a high priority. According to a recent article in the New York Times, there are 500 people working on pandemic-fraud cases across the offices of 21 inspectors general, plus investigators from the F.B.I., the Secret Service, the Postal Inspection Service and the Internal Revenue Service.
The Times article goes on to note that 1,500 people have already been charged with pandemic-related fraud and more than 450 people have been convicted. While that may sound like a lot, it’s really a mere drop in the bucket when you consider that the government handed out $800 billion in PPP loans from April 3, 2020, through May 31, 2021, according to the Government Accountability Office.