Source: United States Department of Justice Criminal Division
SAN DIEGO – The United States has filed a complaint under the False Claims Act (FCA) against Laurie Holcomb, founder of multiple cannabis companies, alleging that she illegally obtained five pandemic-related loans from the federal government. The United States alleges that Holcomb secured $1.4 million in federally-guaranteed Paycheck Protection Program loans, and subsequent forgiveness of the loans, by falsely certifying under penalty of perjury on loan applications that the businesses were not involved in illegal activity.