DOJ reaches $7.9M in PPP fraud settlements with five businesses, including two in Charleston area
By
ABC NEWS 4 STAFF
Crisped on the outside, thoughtful enough on the inside.
Summary
The U.S. Department of Justice announced settlements totaling over $7.9 million with five businesses, including two from the Charleston area, for Paycheck Protection Program (PPP) fraud. The settlements resolve allegations that these companies violated the False Claims Act by providing false information to obtain over $5 million in PPP loans they were not eligible for. The article details the specific companies involved, the amounts they must repay, and the government's commitment to pursuing pandemic relief fraud.
Key quotes
· 3 pulledThese settlements reflect our commitment to holding accountable those who sought to defraud the Paycheck Protection Program.
The defendants provided false information to obtain over $5 million in Paycheck Protection Program funds they were not entitled to receive.
Two Charleston-area businesses were among the five total that entered into million-dollar settlements with federal authorities over Paycheck Protection Program fraud.
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