Lisa Bloom, a California attorney, and her husband have reached a settlement over allegations of misusing COVID-19 relief funds.
Gloria Allred's daughter, LA Attorney Lisa Bloom, is a renowned lawyer in her own right.
Lisa Bloom, a California attorney, and her husband have reached a settlement regarding accusations related to the misuse of COVID-19 Paycheck Protection Program (PPP) funds.
The Bloom Firm, a California law firm, and two of its senior management members, Lisa Bloom and Braden Pollock, have agreed to pay $274,000 to settle allegations that they violated the False Claims Act by providing false information in support of a Paycheck Protection Program (PPP) loan forgiveness application submitted by the firm. The Department of Justice (DOJ) made the announcement in a news release on Thursday.
Officials claimed that Bloom was charged with falsifying the certification that her law firm used PPP loan funds for payroll expenses in order to obtain loan forgiveness for the first draw.
The Bloom Firm used a portion of its PPP loan to pay several employees who were ineligible or did not work for the firm during the loan's covered period, according to the DOJ.
Officials announced that The Bloom Firm will pay $204,200.34 and each of Bloom and Pollock will pay $35,384.49 as part of the settlement.
"The DOJ's Civil Division head, Brian M. Boynton, stated that PPP loans were meant to aid small businesses in a critical manner. He added that the department would pursue those who abused this taxpayer-funded program."
The Paycheck Protection Program (PPP) was established in March 2020 under the Coronavirus Aid, Relief and Economic Security (CARES) Act, with the aim of offering emergency financial assistance to the millions of Americans affected economically by the COVID-19 pandemic.
The CARES Act provided billions of dollars in forgivable loans to small businesses facing financial difficulties in covering employee salaries and other operational costs.
In January 2021, Congress approved funding for a "second draw" of PPP loan funds that were available to borrowers in December 2020.
Officials stated that borrowers must verify the accuracy of all information provided in their PPP loan applications, including the use of funds on eligible expenses like payroll, when requesting loan forgiveness.
Gloria Allred's daughter, Bloom, represented four women who were considering accusing Donald Trump of misconduct. Two of them went public, while the other two declined.
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