Luxury Home Builders and Owners to Pay $2.65 Million to Resolve Loan Fraud Allegations
… they allegedly submitted false claims for federally funded loans under the Paycheck Protection Program, announced U.S. … the Guptas and Patel applied for and received PPP loans by falsely reporting payroll costs, misrepresenting the … employees they employed and falsifying the purpose of the loans. This resulted in the submission of alleged ineligible …