Event Information:

• Thu

  18

  May

  2023

  PPP (Paycheck Protection Program) Loan Fraud and Claim Impacts

  11:00 a.m. to 12:30 p.m.Virtual

  Colleagues and Friends,

  We are writing to provide important New England Claim Association reminders and registration information for “PPP (Paycheck Protection Program) Loan Fraud and Claim Impacts” virtual event on May 18, 2023 (Important event details and registration information below)

  WHEN? May 18, 2023 from 11:00am to 12:30pm

  WHERE?  Virtual (A meeting link will be provided to all those who register closer to the date of the event.)

  TITLE:  “PPP (Paycheck Protection Program) Loan Fraud and Claim Impacts”

  SESSION DESCRIPTION:

  COVID stimulus money, PPP loans, employee retention credits (ERC) all much needed during the pandemic but have lead to complications in what to include in your residual disability calculations and they opened the door to new fraud schemes resulting to bogus PPP loans and ERC. The US DOJ has created the COVID-19 Fraud Enforcement Task Force to investigate and prosecute PPP fraud. The federal government can pursue criminal, civil, or administrative actions against anyone who commits PPP fraud.  This session will discuss the new fraudsters and how to manage your disability claims when individuals and businesses receive stimulus money.

  SPEAKERS:

  Ernest Patrick Smith, CPA/CFF/ABV, CVA, CFE, is a graduate of Hofstra University. He is a Certified Public Accountant and a Certified Fraud Examiner. Mr. Smith began his career with the Long Island Office of one of the world’s largest public accounting firms. He has diversified experience in financial statement preparation, taxation, tax planning, internal auditing, investigative accounting, measurement of damages and litigation support services, with emphasis in matters dealing with business valuation, fidelity losses and fraud. He has extensive experience in succession planning and other estate, trust and tax planning services that pertain to the operations of small to medium sized companies.

  John K. Hoffman, CPA/CFF/CITP

  Partner with Nawrocki Smith LLP leading the Insurance Claims Consulting Group.  He joined the firm of Nawrocki Smith in 1995 and provides insurance consulting, forensic accounting services, litigation support and risk management services.  He has been recognized as an expert witness in disability-related litigation in both federal and state courts.

  Registration for this event is now closed - please contact Stephanie Govoni at stephanie.govoni@symetra.com for any last-minute registrations.