WASHINGTON, April 14 -- The U.S. Department of Justice's U.S. Attorney's office for XXXXXX (insert district) issued the following press release:
TULSA, Okla. - A civil settlement was unsealed showing that a New Jersey company agreed to pay back $3.25 million after receiving too much funding from the CARES Act Paycheck Protection Program it was ineligible to receive, announced U.S. Attorney Clint Johnson.
In 2020, Congress enacted the Coronavirus Aid, Relief, and Economic Security Act, commonly known as the "CARES Act." Qualifying businesses were authorized to obtain a forgivable disaster loan to preserve jobs in industries impacted by COVID-19. When the CARES Act was amended, applicants were allowed to seek a second round of disaster reli...