FLORIDA COMPANY AGREES TO PAY OVER $2.3 MILLION TO RESOLVE FALSE CLAIMS ACT ALLEGATIONS INVOLVING IMPROPER PAYCHECK PROTECTION PROGRAM

WASHINGTON, Oct. 13 -- The U.S. Department of Justice's U.S. Attorney's office for XXXXXX (insert district) issued the following press release:

KANSAS CITY, KANSAS - Systemair MFG, Inc., a Florida Corporation with its principal place of business in Lenexa, Kansas, has agreed to pay $2,357,709.00 to resolve allegations that it submitted a false claim to obtain a Paycheck Protection Program loan.

The Coronavirus Aid, Relief, and Economic Security Act established the PPP to provide forgivable loans to eligible small businesses affected by the COVID-19 pandemic. The U.S. Small Business Administration administered the loan program.

To qualify for a First Draw PPP loan, businesses were generally required to meet size limits, including having f...