Company gets $10 million after paying millions to resolve allegation - Business Insider

President Donald Trump signs the Paycheck Protection Program and Health Care Enhancement Act in the White House on April 24.received $10 million from the government's Paycheck Protection Program two weeks after paying the government $6.5 million to resolve allegations it had been knowingly overcharging for medical supplies.Last year the company was also sued for exaggerating its revenue to investors. That case was settled and no fault was admitted.

The government's Paycheck Protection Program is a core part of the Trump administration's attempts to protect the economy from the impact of restrictions and social distancing.A biopharmaceutical company received $10 million from the government's Paycheck Protection Program two weeks after paying the government $6.5 million to resolve Justice Department allegations that it had been knowingly overcharging for medical supplies.

According to The New York Times report, MiMedx Group has paid the $6.5 million, meaning the government has effectively paid it back, and then some.

Legal collusion

Not bad for 2 weeks work. Got that 6.5 back with interest.

you are running a fraud based banking system wtf do you expect morons

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Potbelly says it will return $10 million small business loan, following others after outragePotbelly, which received the maximum loan amount, has a market cap of $71.2 million. Send me $9 million I’ll pay it back 😉
Källa: CNBC - 🏆 12. / 72 Läs mer »

Potbelly says it will return $10 million small business loan, following others after outragePotbelly, which received the maximum loan amount, has a market cap of $71.2 million. Send me $9 million I’ll pay it back 😉
Källa: CNBC - 🏆 12. / 72 Läs mer »

US issues new guidance for small business loans, pressures public companies to return fundsThe update comes after a public furor that large companies tapped the facility for hundreds of millions of dollars while thousands of small businesses have yet to receive funding. Chuckle. Yea, now that they got caught doing otherwise. Congress members will get rich through this government control
Källa: CNBC - 🏆 12. / 72 Läs mer »

Why my husband and I bought $1 million of life insurance each - Business InsiderAfter buying a house together, they knew they wanted the other person to be able to live there without worry if the other person died unexpectedly.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Robinhood closes in on $250 million funding round as demand for digital investment spikes - Business InsiderRobinhood is raising fresh funds, likely worth between $200 million and $250 million, thanks to a spike in demand for digital investment platforms.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »