Multinational Software Company Agrees To Pay Over Three Million Dollars To Resolve False Claims Act Allegations Involving Paycheck Protection Program Loan

Source: United States Department of Justice Criminal Division

SAN FRANCISCO – IGEL Technology Corporation, a multinational software company with a North American headquarters in San Francisco, has agreed to pay a total of $3,168,901.75 to settle allegations that it knowingly violated the False Claims Act when it received and retained a Paycheck Protection Program (PPP) loan in violation of PPP rules