WASHINGTON, Aug. 11 -- The U.S. Department of Justice's U.S. Attorney's office for XXXXXX (insert district) issued the following press release:
MOBILE, AL - Continental Aerospace Technologies Inc. has agreed to pay $11,772,680.14 to resolve allegations that it violated the False Claims Act by submitting false claims to obtain a Paycheck Protection Program (PPP) loan for which it was not eligible.
"This settlement demonstrates our office's steadfast commitment to relentlessly investigating and resolving fraud against American taxpayers," saidU.S. Attorney Sean P. Costello for the Southern District of Alabama. "It also reflects the effectiveness of our collaborative False Claims Act investigations in holding companies and individuals accoun...