The CARES Act established the Paycheck Protection Program (PPP), which was an initiative backed by the Small Business Administration (SBA) that allowed small businesses, nonprofits, and self-employed individuals to apply for loans during the COVID-19 pandemic and then have these loans fully forgiven. Unfortunately many wrongdoers took advantage of this program by fraudulently obtaining PPP loans. Examples of PPP fraud include: 

• providing false information about the borrower on PPP loan applications in order to fraudulently obtain PPP funds, 
• providing false information about the eligibility of the small business on PPP loan applications in order to fraudulently obtain PPP funds, or  
• misusing PPP funds for improper purposes.