Three Chinese-owned companies to pay $7.3M to settle PPP violations

Chinese Real Estate Giants To Pay $7.3M For Taking ‘Small Business’ COVID Cash

Three subsidiaries of a massive Chinese property developer have agreed to pay over $7.3 million to the federal government, resolving allegations that they took pandemic relief funds meant for struggling American small businesses. The Department of Justice announced the settlement on Tuesday, targeting Greenland LA Metropolis Hotel Development LLC, Greenland US Management LLC, and Greenland […] Chinese Real Estate Giants To Pay $7.3M For Taking ‘…

Three Chinese-owned companies to pay $7.3M to settle PPP violations

Three Chinese-owned firms agreed to pay $7.3 million to resolve allegations they submitted false claims to secure loans under a COVID-19-era program.