WASHINGTON, March 23 -- The U.S. Department of Justice's U.S. Attorney's office for XXXXXX (insert district) issued the following press release:
LEXINGTON, Ky.- A Cold Spring-based manufacturer of custom screw machine parts, Segepo-FSM, Inc.,agreed to pay $887,234 to resolve allegations that it violated the False Claims Act, a federal law that prohibits the submission of false or fraudulent claims.
Congress created the Paycheck Protection Program (PPP) to provide emergency financial assistance to small American businesses struggling to pay employees and other expenses during the COVID-19 pandemic. Under the PPP, eligible small businesses could receive forgivable loans guaranteed by the U.S. Small Business Administration (SBA). Borrowers w...