East Tennessee Prosecutors Announce Third Settlement over Alleged PPP Fraud in Three Weeks, Bringing Combined Total to $8.3 Million
Posted
Tom Pappert (via Tennessee Star)
The U.S. Attorney's Office for the Eastern District of Tennessee announced that the Department of Justice (DOJ) had reached a settlement over alleged Paycheck Protection Program (PPP) fraud, marking the third settlement related to the pandemic-era loan program to be announced by prosecutors in East Tennessee since September 30.
With Tennessee offices located in Maryville, Spralding International, Inc. is the latest company named by the DOJ, which reported on Wednesday that the company agreed to pay more than $1.8 million in order to resolve claims it violated the False Claims Act, specifically by "applying for, receiving, and obtaining forgiveness," for a PPP loan despite not being eligible.
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PPP fraud settlements,
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Spradling International
