Combating White Collar Crime through Policy Development: A Case Study on Sentencing PPP Loan Fraud

• In Event: Poster Session 1

Abstract

During the COVID-19 epidemic, the U.S. government issued The Coronavirus Aid, Relief, and Economic Security (CARES) Act to help small enterprises overcome the monetary crisis caused by the epidemic. Part of this act was a Paycheck Protection Program (PPP). It was designed to provide forgivable loans to small businesses using capital for payroll expenses. This policy has played a certain role but has also caused an unprecedented outbreak of white-collar crime of loan fraud in a brief period. The current study dissects the PPP loan fraud case heard by federal courts and explores the PPP Loan fraud sentencing pattern. Through this case study, we propose relevant policy recommendations for preventing and combating white-collar crime through early evaluation of policy formulation.

Authors

• Jurg Gerber, Sam Houston State University

• Di Jia, Metropolitan State University of Denver

• Charles Russo, American Public University System