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, … employees were based outside of the United States. In its loan application, Ulma certified that it was eligible for the …