Springfield Company Agrees to Pay $1.24 Million to Resolve Allegations of PPP Loan Fraud

Source: United States Department of Justice Criminal Division

BOSTON – Prefere Melamines LLC (Prefere), a company headquartered in Springfield, Mass., has agreed to pay $1,247,744 to resolve allegations that it violated the False Claims Act by obtaining a Paycheck Protection Program (PPP) loan for which it was not eligible.