Security News: Trax Retail, Inc. Agrees to Pay $3 Million to Resolve Allegations of PPP Loan Fraud

Source: United States Department of Justice

BOSTON – Trax Retail, Inc. (Trax) has agreed to pay approximately $3 million to resolve False Claims Act allegations that the company falsely certified to the United States Small Business Administration (SBA) its eligibility for a Paycheck Protection Program (PPP) loan.