Mass. U.S. Attorney: Kabbage Agrees to Pay Up to $120 Million to Resolve Allegations That It Defrauded the Paycheck Protection Program
May 14, 2024
May 14, 2024
BOSTON, Massachusetts, May 14 -- The office of the U.S. Attorney for the District of Massachusetts issued the following news release:
Bankrupt lender Kabbage, Inc. d/b/a KServicing, has agreed to resolve allegations that it knowingly submitted thousands of false claims for loan forgiveness, loan guarantees, and processing fees to the U.S. Small Business Administration (SBA) as part of the Paycheck Protection Program (PPP), in violation of the False Claims Act (FCA).
Ka . . .
Bankrupt lender Kabbage, Inc. d/b/a KServicing, has agreed to resolve allegations that it knowingly submitted thousands of false claims for loan forgiveness, loan guarantees, and processing fees to the U.S. Small Business Administration (SBA) as part of the Paycheck Protection Program (PPP), in violation of the False Claims Act (FCA).
Ka . . .