iFraud Deep Dive
Welcome to iFraud Deep Dive, an official podcast series of the iFraud Foundation — where we tackle the toughest issues facing the property and casualty industry in the fight against fraud.
Each episode features in-depth conversations breaking down complex issues into easily consumable information that we can all understand. We explore the fraud landscape, expose emerging threats, and highlight actionable solutions. From staged accidents and collusive networks to litigation abuse and regulatory gaps, we go beyond the headlines to bring you the insights that matter.
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iFraud Deep Dive
S2 E5 PPP Fraud Suit Against Liakas Law Firm
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This Deep dive looks at the False Claims Act lawsuit filed against Liakas Law and its principals for allegedly defrauding the Paycheck Protection Program (PPP). The plaintiff, acting on behalf of the government, asserts that the firm falsely certified financial need to secure over one million dollars in forgivable loans during the pandemic. Evidence presented in the complaint includes numerous high-value settlement announcements on social media, suggesting the firm was highly profitable and did not require emergency federal aid. The suit further alleges that while claiming economic hardship, the defendants used these public funds for personal luxury purchases and business expansions. Ultimately, the relator seeks treble damages and civil penalties, arguing that the firm knowingly exploited a program intended for struggling small businesses.