U.S. Attorney Settles $1.47 Million Fraud Case Over False PPP Loan Claims

Damian Williams, the United States Attorney for the Southern District of New York, and Amaleka McCall-Brathwaite, the Special Agent in Charge of the Eastern Regional Office of the U.S. Small Business Administration, Office of Inspector General (“SBA-OIG”), announced that the United States has filed and settled a civil fraud lawsuit against STEFANO MARONI for including false information in applications for Paycheck Protection Program (“PPP”) loans he submitted on behalf of two related New York City-based companies he owned and operated, in violation of the False Claims Act. 

Read more at Justice.