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Two Companies Pay for PPP Fraud | Dover News
Description
Two companies just paid $2.35 million to settle fraud claims tied to COVID-19 PPP loans — they lied about employee counts to qualify, snagging forgiven loans worth $1.3M and $184K respectively. Whistleblowers exposed the scheme, and while the firms deny wrongdoing, they’re still on the hook — with whistleblowers set to share in the payout. A stark reminder: even well-intentioned relief programs need strong oversight to prevent abuse.
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