Documents revealed that seven people who were under FBI investigation in Greater Cincinnati had their Paycheck Protection loans forgiven by the U.S. Small Business Administration.
CINCINNATI —
Four of the six defendants have reached plea agreements that call for restitution to the SBA totaling $392,908. No trial date has been set for Lentine, who could not be reached through his attorney. But on balance, the agency has accomplished what Congress intended: Keeping people employed by helping companies survive the pandemic, said Tenley Carp, a Washington, D.C. attorney who helps companies appeal SBA loan decisions.
Carp said a pending FBI investigation would be enough to halt a loan forgiveness application. But that could have alerted those under investigation that their loans were under scrutiny. And it wouldn’t necessarily have triggered repayment of the loans.
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