FPS Podcast #62 - The CARES ACT - 4 Years Later

In this FPS Podcast Episode, my guests are Britt Biles of Womble Bond Dickinson and Tom Reynolds of HKA and we discuss the CARES Act and how four years after it was enacted, the Federal Government continues to investigate fraud and misappropriations of funds related to it.  CARES Act was meant as an emergency fund for businesses and other entities to allow the continuity of daily business operations to continue during the peak COVID-19 pandemic.  However,  it also became a money-grab for fraudulent activity.  The Federal Government has been actively investigating organizations for fraud and misappropriations even if the organization followed procedures to acquire the funds.  Britt and Tom discuss what is the current situation and how to organizations are dealing with the investigations.