U.S. Attorney's Office, Texas, Southern, "International marine company agrees to pay over $3 million to settle False Claims Act allegations" (June 25, 2025)
Summary
Press release of June 25, 2025 from the United States Attorney's Office for the Southern District of Texas, issued from Houston, announcing that Viking Life-Saving Equipment (America) Inc., a marine safety equipment company headquartered in Miami with operations in Pasadena and a subsidiary of a Denmark-based parent, agreed to pay $3.86 million to resolve allegations that it fraudulently obtained Paycheck Protection Program loans. From April 24, 2020 to Nov. 11, 2021 the company applied for two loans and requested forgiveness for both; eligible companies had to have fewer than 500 employees or meet industry size limits, counting all affiliated employees, and the settlement resolves allegations that the company misrepresented its own and its affiliates' employee totals. The company fully responded to requests for information, and the claims are allegations only.
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“U.S. Attorney's Office, Texas, Southern, ‘International marine company agrees to pay over $3 million to settle False Claims Act allegations’ (June 25, 2025).”
Original at www.justice.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/u-s-attorney-s-office-texas-southern-international-marine-company-agre-1c5eb8cf36/
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HOUSTON – Viking Life-Saving Equipment (America) Inc. has agreed to pay $3.86 million to resolve allegations it fraudulently obtained paycheck protection program (PPP) loans, announced U.S. Attorney Nicholas J. Ganjei. Viking is a marine equipment company headquartered in Miami, Florida, with operations in Pasadena. It is a subsidiary of Denmark-based Viking Life Savings Equipment A/S. The company provides maritime and offshore safety equipment and services, including lifeboats, life rafts, personal protective gear and safety training programs. From April 24, 2020, to Nov. 11, 2021, Viking applied for two PPP loans and requested forgiveness for both. The PPP, created under the Coronavirus Aid, Relief and Economic Security (CARES) Act, offered forgivable loans to small businesses during the COVID-19 pandemic for employee payroll and certain other expenses. Eligible companies were required to have fewer than 500 employees or meet industry-specific size limits. Under the Small Business Administration (SBA) affiliation rules, businesses with shared ownership or control had to include all affiliated employees when calculating eligibility. The settlement resolves allegations that Viking obtained two PPP loans by misrepresenting the total number of its own employees and those of its affiliates. Viking allegedly falsely certified eligibility on the dates of the relevant loan application materials to receive PPP funding and loan forgiveness. Viking fully responded to requests for information in this investigation. Assistant U.S. Attorney Paul B. Moore handled the matter in coordination with Attorney Amber Perez, SBA - Office of General Counsel. The claims resolved by the settlement are allegations only and there has been no determination of liability.
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