WASHINGTON, April 17 -- The U.S. Department of Justice's U.S. Attorney's office for XXXXXX (insert district) issued the following press release:
BUFFALO, N.Y. - The U.S. Attorney's Office announced today that The Buffalo Club has agreed to pay $1,500,000 to resolve allegations that it improperly obtained a Paycheck Protection Program (PPP) loan from the U.S. Small Business Administration (SBA), which it was not eligible to receive.
The PPP loan program, enacted in March 2020, provided emergency financial assistance to Americans suffering from the economic effects of the COVID-19 pandemic. The program allowed eligible small businesses to receive loans guaranteed by the federal government.
For decades, the SBA has explained that private cl...