ROCHESTER, N.Y. — A private club in Rochester will pay more than a million dollars to settle a federal fraud claim.
The Genesee Valley Club has agreed to pay just over $1 million to resolve allegations it improperly obtained a Paycheck Protection Program loan. Prosecutors say the club received a PPP loan after certifying it was eligible, but the United States contends the club restricted membership in ways that made it ineligible.
“The Paycheck Protection Program was designed to support small business during the COVID-19 Pandemic,” said U.S. Attorney DiGiacomo. “As evidenced by the numerous settlements we have obtained involving PPP loans, this office continues to work tirelessly to recover taxpayer dollars that were improperly obtained by ineligible entities.”
The official settlement does not include any admission of guilt by the Genesee Valley Club.
Read the full settlement
gvc_settlement_0_0DownloadThe PPP loan program, enacted in March 2020, provided emergency financial assistance to small businesses during the COVID pandemic.
The settlement is part of the Trump administration’s task force to eliminate fraud.
Rochester’s Genesee Valley Club to pay $1 million to settle federal PPP loan fraud claim WHEC.com.
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