A software company and a robotics business, both headquartered in San Francisco, have agreed to pay a total of nearly $7 million to settle allegations they violated the rules of federal Paycheck Protection Program loans.
The U.S. Attorney’s Office for Northern California said the companies are IGEL Technology Corp., a multinational software company, and SoftBank Robotics America, Inc., a unit of the Japanese multinational investment holding company SoftBank Group Corp.
IGEL will pay more than $3 million and SoftBank Robotics America will pay more than $3.5 million more to settle allegations they knowingly violated the False Claims Act when they received and retained PPP loans…