Case Result
$2.9M
PPP Fraud
Seattle, WA
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Case Details
Government contractor HPMC and its owners agreed to pay $2,939,400 in restitution and penalties for fraudulently obtained Paycheck Protection Program (PPP) loan. HPMC received a $1,344,700 PPP loan in April 2020, which was forgiven after materially false representations.
Additional Notes
HPMC admitted to defrauding the government. Owners paid $250,000 personally. HPMC entered a 3-year probationary period.