Bergen County Company Settles Matter Alleging Receipt of Improper CARES Act Loans
… Claims Act by taking a Paycheck Protection Program (PPP) loan to which it was not entitled, Acting U.S. Attorney and … Inc. (Ulma) applied for and received a $2 million PPP loan. Under the eligibility rules in effect at that time, … with the terms of the settlement agreement, Ulma will pay the United States $2,902,795. The settlement resolves a …