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News/Compliance & Enforcement/$11.77M Settlement Resolves PPP Fraud Claims Against China-Owned Continental Aerospace
News·Compliance & Enforcement Brief

$11.77M Settlement Resolves PPP Fraud Claims Against China-Owned Continental Aerospace

GovConFeed – Continental Aerospace Technologies, owned in part by China's AVIC, will pay $11,772,680.14 to settle False Claims Act allegations it fraudulently obtained a PPP loan by undercounting affiliate headcount, resolving two qui tam whistleblower suits.

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