Settlement Agreement — TZAC v. CIE Tours International (D.N.J.)

Summary

A settlement agreement among the United States, acting through the Department of Justice on behalf of the Small Business Administration, defendant C.I.E. Tours International, Inc. and relator TZAC Inc., resolving the qui tam action United States ex rel. TZAC Inc. v. CIE Tours International, 24-cv-09637 (DNJ)(ES), filed October 5, 2024. The United States contends that CIE Tours falsely certified eligibility for first and second draw PPP loans and forgiveness totaling $3,543,349.07, as a foreign government-owned entity that also exceeded size requirements for the second draw. CIE Tours agrees to pay $4,428,985.04, of which $3,543,349.07 is restitution, and the United States is to pay the relator $442,898.50. The agreement states that it is not an admission of liability and provides for a stipulation of dismissal with prejudice.

Summary drafted by a model from the text of the original file linked on this page and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used