BOWLING GREEN, Ky. (WBKO) – A Tennessee business owner has agreed to pay the United States over $1 million to resolve allegations that he unjustly enriched himself by misappropriating COVID-19 Economic Injury Disaster Loan (“EIDL”) funds obtained from the Small Business Administration (SBA) during the COVID-19 pandemic.
The civil settlement was announced by Michael A. Bennett, United States Attorney for the Western District of Kentucky.
“COVID-19 EIDL funds were intended to help small business owners during difficult economic times and taking advantage of this program will not be tolerated,” said U.S. Attorney Bennett in a release. “Our office is committed to investigating and recovering taxpayer monies that have been diverted or misused.”…