Chinese-Owned Company to Pay More Than $11M to Resolve False Claims Act Allegations Relating to Paycheck Protection Program Loan

Source: United States Department of Justice Criminal Division

MOBILE, AL — Continental Aerospace Technologies Inc. has agreed to pay $11,772,680.14 to resolve allegations that it violated the False Claims Act by submitting false claims to obtain a Paycheck Protection Program (PPP) loan for which it was not eligible.