WASHINGTON, Oct. 27 -- The U.S. Department of Justice's U.S. Attorney's office for XXXXXX (insert district) issued the following press release:
DETROIT - United States Attorney Jerome F. Gorgon Jr. announced today that Energy Steel & Supply, Co., and Hayward Tyler, Inc., have agreed to pay $4,769,597 to settle allegations that they violated the False Claims Act by making false statements to the U.S. Small Business Administration (SBA) to obtain Paycheck Protection Program (PPP) loans for which they were ineligible.
Congress created the PPP in March 2020 to provide emergency financial assistance to American businesses suffering from the economic effects of the COVID-19 pandemic. Under the PPP, eligible small businesses could receive forgiv...