By Aaron Nicodemus2022-09-26T19:23:00
A Florida-based investment fund will pay approximately $22,000 as part of a settlement resolving the first False Claims Act (FCA) whistleblower case involving a Paycheck Protection Program (PPP) loan in which the United States intervened.
Pan African Interchange and its owner, Stanley Damas, applied for two PPP loans on consecutive days in May 2020 and received the two loans in June 2020, according to a Thursday press release from U.S. Attorney Juan Antonio Gonzalez of the Southern District of Florida. The business had falsely certified it would not receive more than one PPP loan, the Justice Department stated.
Pan African Interchange and Damas repaid $208,332 to the United States, which was the proceeds of the second PPP loan it received. Under the settlement, the firm and Damas must pay an additional $21,583.
2023-01-25T17:19:00Z By Aaron Nicodemus
The Federal Reserve Board fined New York-based Popular Bank $2.3 million for processing Paycheck Protection Program loans despite finding significant indications of possible fraud in the loan applications.
2022-11-29T13:39:00Z By Adrianne Appel
The Department of Justice requested Rennova Health repay Covid-19 relief funds it received in 2020 as part of a whistleblower lawsuit against the healthcare services provider alleging ineligible use of the money.
2022-09-14T17:57:00Z By Aaron Nicodemus
Houston-based Prosperity Bank will pay approximately $18,700 to resolve allegations it processed a Paycheck Protection Program loan for an ineligible recipient in what is believed to be a landmark False Claims Act settlement.
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Charlie Javice, a former CEO who duped JPMorgan Chase into purchasing her start up company for $175 million, has been ordered to forfeit more than $22 million by the Department of Justice (DOJ) and to spend 7 years in jail.
2025-10-07T16:08:00Z By Adrianne Appel
Georgia Tech Research Corp. (GTRC) has agreed to pay $875,000 to settle allegations first raised by two compliance officers that its cybersecurity protocols violated acceptable standards for defense contractors, the Department of Justice (DOJ) said.
2025-10-06T17:12:00Z By Adrianne Appel
Tractor Supply Company has agreed to get into compliance with California’s consumer privacy law and to pay a $1.35 million fine—the largest yet by California—to settle allegations it violated the privacy rights of customers and job applicants.
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