Justice Dept.: Kabbage Inc. Agrees to Resolve Allegations That the Company Defrauded the Paycheck Protection Program
May 14, 2024
May 14, 2024
WASHINGTON, May 14 -- The U.S. Department of Justice issued the following news release on May 13, 2024:
The Justice Department announced today that now-bankrupt financial technology company Kabbage Inc., doing business as KServicing, has agreed to resolve allegations that it violated the False Claims Act (FCA) by knowingly submitting thousands of false claims for loan forgiveness, loan guarantees, and processing fees to the U.S. Small Business Administration (SBA) in connection with . . .
The Justice Department announced today that now-bankrupt financial technology company Kabbage Inc., doing business as KServicing, has agreed to resolve allegations that it violated the False Claims Act (FCA) by knowingly submitting thousands of false claims for loan forgiveness, loan guarantees, and processing fees to the U.S. Small Business Administration (SBA) in connection with . . .