Seattle data analytics company to pay more than $1 million to resolve claims that it improperly received a COVID Paycheck Protection Program (PPP) loan
Seattle – A Seattle data analysis company has agreed to pay $1,012,876 to resolve allegations it improperly received a Small Business Administration Paycheck Protection Program (PPP) loan in 2021, announced First Assistant U.S. Attorney Charles Neil Floyd.
What happened
Seattle – A Seattle data analysis company has agreed to pay $1,012,876 to resolve allegations it improperly received a Small Business Administration Paycheck Protection Program (PPP) loan in 2021, announced First Assistant U.S. Attorney Charles Neil Floyd.
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%Seattle data analytics company to pay more than $1 million to resolve claims that it improperly received a COVID Paycheck Protection Program (PPP) loan ↗
Claims
- Seattle data analytics company to pay more than $1 million to resolve claims that it improperly received a COVID Paycheck Protection Program (PPP) loan Observed
Conflicts
No material conflict detected in the available evidence.
Timeline
- First reported
Market move following event
Market reaction is not yet available for this asset and time window.