Complaint in Intervention — Quesenberry v. JMG (C.D. Cal.)

Summary

The United States' complaint in intervention with jury demand, filed 08/28/24 as Document 41 in United States ex rel. Bryan Quesenberry v. JMG Investments, Inc. and Jeffrey Schwartz, Case No. CV 20-08497 MWF (ASx), in the U.S. District Court for the Central District of California. The government brings False Claims Act and common law claims, alleging that JMG and its owner Schwartz obtained and retained a second, duplicate PPP loan in 2020 although JMG was permitted only one, with Schwartz falsely certifying on both applications. It states Bank of America disbursed a $505,987.00 loan to JMG on or about May 15, 2020 and Fountainhead SBF disbursed a $501,588 loan on or about May 22, 2020. The complaint alleges the government paid lender processing fees of $15,047 and forgave the duplicate loan, for a total loss of $516,635, and seeks treble damages and penalties.

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