Security News: Connecticut U.S. Attorney’s Office Announces More Than $9.2 Million in Settlements Connected to PPP Fraud Enforcement Initiative

Source: United States Department of Justice

The Affirmative Civil Enforcement (ACE) Unit of the U.S. Attorney’s Office for the District of Connecticut recovered more than $9.2 million since June 2026 through settlement agreements resolving allegations that various companies violated the False Claims Act by providing false information to obtain millions of dollars in pandemic-related Paycheck Protection Program (PPP) loans for which they were not eligible.