Withum Featured on Fox Rothschild’s The Presumption of Innocence Podcast Series

Jessica Hollobaugh, Partner and Market Leader, Forensics, Investigations, and White-Collar Criminal Defense, Peter Kim, Principal and Leader of Withum’s Bank Secrecy Act/Anti-Money Laundering Services and Matthew Walsh, Partner and Market Leader, COVID-19 Financial Assistance Services were featured on Fox Rothschild’s Podcast Series: The Presumption of Innocence.

Episode 1: The Anatomy of a PPP Fraud Investigation

Episode 8: Managing Sanctions Against Russia: A Look Inside U.S. Financial Institutions

Episode 20: Pitfalls and Perils: Employee Retention Credit Enforcement Trends

The past three years have enacted legislative changes impacting the Employee Retention Credit (ERC) program, including complex eligibility rules and predatory third-party promoters, thus leading to stronger enforcement against those who applied to receive the refundable tax credit.

Listen in as Matthew Walsh, Partner and Market Leader, COVID-19 Financial Assistance Services and Jessica Hollobaugh, Partner and Market Leader, Forensics, Investigations, and White-Collar Criminal Defense join Fox Rothschild to provide valuable suggestions for businesses who have filed for the program. The team examines the ERC program qualifications, the intersection with other CARES Act programs, and common pitfalls they’ve seen across businesses.

This trio of guests discuss upholding the Office of Foreign Assets Control (OFAC) sanctions in place against Russia since its invasion of Ukraine in February. They explain the razor-thin margins for error they are faced with as the financial noose around Russia and its assets grows in intensity and scope, as well as how the sanctions impact individuals and businesses in the United States and overseas.

Jessica Hollobaugh, CPA/ABV, CFE, a partner in the Forensic and Valuation Services Group at Withum, discusses the Paycheck Protection Program and the fraud enforcement efforts that surround it.