Stainless-steel Components Supplier Pays over $1.1 Million to Resolve False Claims Act allegations
HOUSTON – Stafford-based Matrix Metals LLC has agreed to pay $1,175,529.20 to resolve allegations of fraudulently obtaining a Paycheck Protection Program loan for which it was ineligible. The Coronavirus Aid, Relief, and Economic Security Act established the PPP to provide forgivable loans to eligible small businesses affected by the COVID-19 pandemic. To qualify for a…

