Affiliates settle Paycheck Protection Program false claims
Summary
A U.S. Attorney's Office for the Eastern District of Virginia release reports that Securiport Limited Liability Company (Securiport) and Alex Stewart International, LLC (ASI) agreed to pay a combined $1,816,943 to settle civil False Claims Act allegations about their Second Draw Paycheck Protection Program loans. The United States alleged that Securiport and ASI received Second Draw PPP loans, later forgiven, after falsely stating that Securiport and ASI, together with affiliates, had no more than 300 employees, an eligibility requirement specific to Second Draw loans. The settlement began with a whistleblower suit, United States ex rel. Verity Investigations, LLC v. Securiport Limited Liability Company, No. 1:25-cv-2027, and the whistleblower received 10% of the recovery. The release states that the claims are allegations only, with no determination of civil liability.
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Full text
Alexandria, Va. – Securiport Limited Liability Company (Securiport) and Alex Stewart International, LLC (ASI), have agreed to pay a combined $1,816,943 to settle civil False Claims Act allegations arising from the submission of statements on their applications for so-called Second Draw Paycheck Protection Program (PPP) loans. The United States alleged that Securiport and ASI received Second Draw PPP loans, which were later forgiven, after submitting false statements on loan applications that they, together with affiliates, had no more than 300 employees, an eligibility requirement specific to Second Draw PPP loans. Based on that purported false statement, the United States alleged that Securiport and ASI falsely certified they were eligible. The settlement began with a lawsuit, United States ex rel. Verity Investigations, LLC v. Securiport Limited Liability Company, No. 1:25-cv-2027 , filed under the whistleblower provision of the False Claims Act, which permits private parties to file suit on behalf of the United States for false claims presented to the federal government. The whistleblower received 10% of the government’s recovery. The resolution obtained in this matter was the result of a coordinated effort between the U.S. Attorney’s Office for the Eastern District of Virginia and the U.S. Small Business Administration. The matter was investigated by Assistant U.S. Attorney David Tannenbaum. A copy of this press release may be found on the website of the U.S. Attorney’s Office for the Eastern District of Virginia . Case records may be found on PACER under case number 1:25-cv-2027. The civil claims settled are allegations only; there has been no determination of civil liability.
File and source
- File
- doj-usao-edva-press-release-affiliates-settle-paycheck-protection-program-false-claims-2026-10-21.json
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- 59abdf7df64392396eac9d595d85a3e52c17163c86e6d50ebd1caa9b0ef5b68e
- Original
- www.justice.gov