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.
Whether you’re a carrier, broker, employer, attorney, or regulator, if you’re committed to protecting the integrity of our industry then this podcast is for you.
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iFraud Deep Dive
S2 E41 Law Firm Sued Over PPP Penthouse Purchases
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This episode of the Deep Dive examines a legal complaint alleging that William Schwitzer and his law firm violated the False Claims Act by misrepresenting their financial condition to secure millions of dollars in Paycheck Protection Program (PPP) loans. According to the filing, despite purported access to substantial liquidity, active credit facilities, and continued high-value legal settlements, the defendants allegedly obtained and retained federal relief funds intended for businesses facing genuine financial hardship. The complaint further claims that these funds indirectly supported significant personal expenditures, including luxury real estate and equestrian investments. The lawsuit seeks treble damages and statutory penalties exceeding $9 million, raising broader questions about accountability, government relief programs, and where aggressive financial positioning may cross the line into fraud.
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