Loans under this program are forgiven under certain conditions. The USAO alleged that the defendant bank violated the FCA when it processed a PPP loan on behalf of an ineligible customer because bank employees knew that the applicant was facing criminal charges related to his business, and was therefore ineligible for a PPP loan. The USAO alleges that the bank processed the ineligible applicant's $213,400 PPP loan anyway and, as a result, received a 5% processing fee totaling $10,670. The bank agreed to pay $18,673.50 to resolve the allegations. The USAO stated that the settlement amount is intended to reflect the bank's efforts to cooperate with the USAO's investigation, as well as its implementation of additional compliance measures. The applicant separately entered into a $523,331 settlement in November 2021, and repaid the PPP loan in full in 2022. [ View source .]