United States: Affiliation Renders PPP Borrower Not Small For Its $6.28M PPP Loan, Resulting In A $9M FCA Settlement - Crowell & Moring

On October 11, 2023, the Department of Justice announced a $9 million settlement with Victory Automotive Group Inc. (VAG) to resolve allegations that it violated the False Claims Act (FCA) by knowingly providing false information in support of its Paycheck Protection Program (PPP) loan.