A Brentwood company which operates a network of dental offices in Southern California, and its founders and former owners have paid $6.3 million to resolve allegations that they improperly received loans intended to support small businesses facing difficult economic times due to the COVID-19 pandemic, officials announced Thursday.
West Coast Dental Administrative Services LLC — formerly West Coast Dental Services Inc. — and founders and former owners Drs. Soleyman Cohen-Sedgh, Farid Pakravan and Farhad Manavi allegedly knowingly violated the federal False Claims Act in connection with seven improper loans that West Coast Dental and affiliated dental offices received under the Paycheck Protection Program, according to the U.S. Department of Justice.
Additionally, City Real Estate Holdings Inc., a Beverly Hills-based real estate investment company owned by Manavi, has paid a separate $35,149 to resolve its potential liability under the False Claims Act in connection with a separate PPP loan, federal prosecutors said.
The DOJ alleged that West Coast Dental and six of its affiliated dental practices received seven improper second-draw PPP loans and subsequent forgiveness of these loans based on false certifications that the companies qualified for the loans even though they were...
Scottie Pippen referred to Michael Jordan as his best teammate? This wasn’t on the radar this year, but Pippen backtracking on his own previous comments just to give credit to Jordan was probably ...