DOJ: Knoxville-based business pays $1.4M after receiving improper COVID-era PPP loan

DOJ: Knoxville-based business pays $1.4M after receiving improper COVID-era PPP loan

KNOXVILLE, Tenn. (WATE) — A Knoxville-based business has paid more than $1.4 million to settle allegations that it received forgiveness for a Paycheck Protection Program (PPP) loan that it was not eligible for. The Department of Justice announced on Thursday that Hoffmann Quality Tools USA Inc. had paid $1,400,027.39 to resolve the allegations that it violated the False Claims Act during the COVID-19 pandemic. Powerball tickets sold in East…