Bank to Pay $2.2 Million to Settle Allegations of False Claims to Small Business Administration
Bank to Pay $2.2 Million to Settle Allegations
of False Claims to Small Business Administration
Saehan Bank has agreed to pay the United States $2.2 million to settle allegations arising under the False Claims Act and the Financial Institutions Reform, Recovery and Enforcement Act with respect to a Small Business Administration (SBA) loan, the Justice Department announced.