A Saginaw management company affiliated with one of the nation’s oldest auto dealerships will pay more than $1.5 million to resolve federal allegations that it improperly obtained pandemic-relief funds, prosecutors announced Friday.
The settlement, disclosed by the U.S. Department of Justice and the U.S. Attorney’s Office for the Eastern District of Michigan, requires Garber Management Group, Inc. to pay the settlement over claims that it violated the False Claims Act by making false statements to secure a Paycheck Protection Program loan for which it was not eligible.
The settlement resolves only the allegations and no determination of liability has been made, prosecutors said.
PPP eligibility at issue
Congress created the Paycheck Protection Program in March 2020 to provide emergency relief to businesses affected by the COVID-19 pandemic. The loans, backed by the U.S. Small Business…
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