Kingwood Orlando Reunion Resort LLC and Kingwood Crystal River Resort Corp. have agreed to pay $325,000 to settle allegations of knowingly submitting false information on a Paycheck Protection Program loan forgiveness application, the DOJ said Tuesday.
Crystal River allegedly partly sought forgiveness of its PPP loan by falsely certifying that it used the loan to pay wages to its employees even though some of those employees Crystal River claimed it paid instead worked for Orlando Reunion, not Crystal River, according to the Justice Department.
The entities agreed to pay $271,720 in damages and penalties under the False Claims Act and $53,280 in civil penalties under the Financial Institutions Reform, Recovery, and Enforcement Act
Orlando Reunion and Crystal River are related but operate separate resorts, the department said.
This story was produced by Bloomberg Law Automation.
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