HOUSTON, Texas, Jan. 20 -- The office of the U.S. Attorney for the Southern District of Texas posted the following news release:

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Luxury home builders and owners to pay $2.65 million to resolve loan fraud allegations

Four companies and their three owners have agreed to pay millions to resolve allegations they allegedly submitted false claims for federally funded loans under the Paycheck Protection Program, announced U.S. Attorney Nicholas J. Ganjei.

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