Carten-Fujikin Agrees to Pay More Than $750,000 to Resolve False-Claims-Act Allegations Relating to Paycheck Protection Program Loan
Carten-Fujikin, Inc. (CFI), a Delaware corporation with its principal place of business in Cheshire, Connecticut, has agreed to pay $774,812.51 to resolve allegations that it improperly obtained a Paycheck Protection Program (PPP) loan from the U.S. Small Business Administration (SBA) for which it was not eligible.
What happened
Carten-Fujikin, Inc. (CFI), a Delaware corporation with its principal place of business in Cheshire, Connecticut, has agreed to pay $774,812.51 to resolve allegations that it improperly obtained a Paycheck Protection Program (PPP) loan from the U.S. Small Business Administration (SBA) for which it was not eligible.
Why it matters
The development may change operating conditions or market expectations around Regulation. Further confirmation and measurable outcomes matter.
Affected entities
View evidence
1 reports · 1 original report · 1 independent
- U.S. Department of JusticePrimary source · Supports · EN · 100%Carten-Fujikin Agrees to Pay More Than $750,000 to Resolve False-Claims-Act Allegations Relating to Paycheck Protection Program Loan ↗
Claims
- Carten-Fujikin Agrees to Pay More Than $750,000 to Resolve False-Claims-Act Allegations Relating to Paycheck Protection Program Loan Observed
Conflicts
No material conflict detected in the available evidence.
Timeline
- First reported
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