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You are here: Home / News / Victory Automotive Group to Pay $9 Million to Settle False Claims Act Allegations Relating to Paycheck Protection Program Loan

Victory Automotive Group to Pay $9 Million to Settle False Claims Act Allegations Relating to Paycheck Protection Program Loan

October 12, 2023 By CollisionWeek Editor

The U.S. Department of Justice announced that Port Richey, Fla.-based automotive management company Victory Automotive Group Inc. (VAG) has agreed to pay $9 million to resolve allegations that it violated the False Claims Act (FCA) by knowingly providing false information in support of a Paycheck Protection Program (PPP) loan forgiveness application it submitted.

Congress created the PPP in March 2020, as part of the Coronavirus Aid, Relief and Economic Security (CARES) Act to provide emergency loans to small businesses suffering economic hardship due to the COVID-19 pandemic. The CARES Act authorized these businesses to seek forgiveness of the loans if

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Filed Under: News Tagged With: Lawsuits, U.S. DOJ, Victory Automotive Group

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