Source: United States Department of Justice Criminal Division
Joseph Nocella, Jr., United States Attorney for the Eastern District of New York, announced today a settlement agreement with Brooklyn-based clothing company Lafayette 148, Inc. (Lafayette). The settlement addresses allegations that Lafayette violated the federal False Claims Act (FCA) by falsely certifying that it was eligible for a pandemic-era second-draw Paycheck Protection Program (PPP) loan and obtaining forgiveness of that loan.