Thankfully, the stories we have all heard about the selfless acts of so many people, from front-line workers to caring neighbors, during the pandemic greatly outweigh the reports about people who have sought to profit from the circumstances. But, as the growing number (more than 50 cases involving $175 million in funds) of Department of Justice (DoJ) prosecutions related to Paycheck Protection Program (PPP) fraud demonstrate, there will always be people looking to scam the system.

In this article, Protiviti Senior Managing Director Carol Beaumier explains how lenders can proactively identify potential fraud in their PPP portfolios, especially as the loans move through the forgiveness stage.