CARES Act, Compliance, COVID -19, DOJ, Ethics, False Claims Act, Fraud, Fraud and Forensic Inv..., Fraud Risk Management, Investigations, Lessons Learned, Monitoring, Payroll Protection Pro..., PPP, Risk, Whistleblower, White Collar Crime Jonathan T. Marks CARES Act, Compliance, COVID -19, DOJ, Ethics, False Claims Act, Fraud, Fraud and Forensic Inv..., Fraud Risk Management, Investigations, Lessons Learned, Monitoring, Payroll Protection Pro..., PPP, Risk, Whistleblower, White Collar Crime Jonathan T. Marks

First Civil Settlement for Fraud on Cares Act Paycheck Protection Program

On January 12, 2021, the U.S. Attorney’s Office for the Eastern District of California announced the first civil settlement with a borrower for allegedly committing fraud in obtaining a Paycheck Protection Program ("PPP") loan, in violation of the False Claims Act ("FCA") and the Financial Institutions Reform, Recovery and Enforcement Act ("FIRREA").The FCA allows the government to recover damages and penalties for presenting false claims for payment to the United States. FIRREA allows the government to impose civil penalties for violations of enumerated federal criminal statutes, including those that affect federally-insured financial

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2020 Top 10 Articles on Fraud, Compliance, and Risk Management

Happy New Year, and thank you to the more than 100,000 people that visited Board and Fraud in 2020!
With everything that happened last year, fraud, compliance, and risk management have arguably become more important than ever.

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Anti-fraud, Baker Tilly, Chief Audit Executive, Chief Compliance Officer, Chief Legal Counsel, Ethics, Exit Interview, Fraud, Fraud and Forensic Inv..., Internal Audit, Internal Controls, Interview, Lessons Learned, Red Flag, Risk Management Jonathan T. Marks Anti-fraud, Baker Tilly, Chief Audit Executive, Chief Compliance Officer, Chief Legal Counsel, Ethics, Exit Interview, Fraud, Fraud and Forensic Inv..., Internal Audit, Internal Controls, Interview, Lessons Learned, Red Flag, Risk Management Jonathan T. Marks

The Properly Designed Exit Interview a Necessary Step in Uncovering Ethical Violations

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Audit Committee, Board of Directors, Business Intelligence, Chief Compliance Officer, Compliance, Compliance Coordinator, Corporate Fraud, DOJ, Federal Sentencing Gui..., Fraud and Forensic Inv..., General Counsel, Governance, Internal Audit, Lessons Learned, Regulatory, Risk, Tone from the Top, Training, Whistleblower, White Collar Crime Jonathan T. Marks Audit Committee, Board of Directors, Business Intelligence, Chief Compliance Officer, Compliance, Compliance Coordinator, Corporate Fraud, DOJ, Federal Sentencing Gui..., Fraud and Forensic Inv..., General Counsel, Governance, Internal Audit, Lessons Learned, Regulatory, Risk, Tone from the Top, Training, Whistleblower, White Collar Crime Jonathan T. Marks

DOJ Revises its Guidance on the Evaluation of Corporate Compliance Programs

Without any fanfare, the U.S. Department of Justice Criminal Division has once again revised its Evaluation of Corporate Compliance Programs (“ECCP”).  The ECCP  remains  organized around three overarching questions that prosecutors ask when evaluating compliance programs, with some revisions, which are in bold text below:Is the corporation’s compliance program well designed?Is the program being applied earnestly and in good faith? In other words, is the program being implemented adequately resourced and empowered to function effectively?Does the corporation’s compliance program work in practice?While most of the document is identical to the 2019 Guidance, there are subtle and noticeable revisions.  The revisions appear to be designed to help provide additional clarity when answering the above three questions. 

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