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LS Cable Settles PPP Fraud Allegations | Raleigh News
LS Cable & System USA, Inc. is paying $4 million to settle allegations it lied about employee numbers to fraudulently obtain over $2 million in PPP loans and forgiveness — a move that could net the government triple the amount plus penalties, with a whistleblower potentially getting a cut. The company denies wrongdoing and is avoiding a trial, while the Eastern District of North Carolina’s U.S. Attorney’s Office led the investigation. This settlement resolves the specific claims — no guilty verdicts yet. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn…
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