October 1, 2020

Engineering News-Record quoted national Construction Leader Joseph Natarelli in an article about fraudulent use of Payroll Protection Program (PPP) loans.

Engineering News-Record

By Richard Korman & Scott Van Voorhis

Engineering News-Record quoted national Construction Leader Joseph Natarelli in an article about fraudulent use of Payroll Protection Program (PPP) loans. Construction

Excerpt:

Joseph Natarelli, national leader of construction services at accountant Marcum, says he could see a contractor legitimately getting confused, commingling PPP money with other funds to buy a piece of equipment or other business expense.

But Natarelli sees no wiggle room to claim confusion–or even moral hazard–as a mitigating factor. “To be frank, the program was very, very clear what those funds could be used for, for payroll and rent,” Natarelli said.

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Construction

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Joseph  Natarelli

Joseph Natarelli

Construction Services Leader

  • Assurance
  • New Haven, CT