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Koide Tennessee, Inc. Pays $2M To Resolve False Claims Act Allegations Relating To Second-Draw PPP Loan
November 21, 2025
KNOXVILLE, Tennessee, Nov. 21 -- The office of the U.S. Attorney for the Eastern District of Tennessee posted the following news release on Nov. 19, 2025:

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Koide Tennessee, Inc. Pays $2M To Resolve False Claims Act Allegations Relating To Second-Draw PPP Loan

Koide Tennessee, Inc. ("Koide TN") has paid $2,000,000.00 to resolve allegations that it violated the False Claims Act by applying for, receiving, and obtaining forgiveness of a loan und . . .

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