Home / Crime / Upstate NY company pays $1.9M to settle PPP loan fraud allegations; whistleblower gets 10%

Upstate NY company pays $1.9M to settle PPP loan fraud allegations; whistleblower gets 10%

The company never disclosed its foreign majority ownership or its overseas workforce when it applied for pandemic small business relief funds.

An Upstate New York company has agreed to pay $1.9 million to settle allegations that it improperly obtained a Paycheck Protection Program loan by failing to disclose its foreign ownership and employee count, federal prosecutors announced Thursday.
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Source: syracuse.com | Published: 2026-03-20T14:59:05Z

Credit: syracuse.com

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